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If One Firm Has 80 Percent of Industry Sales, While

Question 23

Multiple Choice

If one firm has 80 percent of industry sales, while the remaining four firms share the other 20 percent of sales, then we can conclude that this is a(n)


A) monopoly
B) price-taker market
C) low concentration ratio industry
D) balanced oligopoly
E) unbalanced oligopoly

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