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    Understanding Modern Economics
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    Exam 7: In Between the Extremes: Imperfect Competition  
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    All of the Following Are Characteristics of an Oligopoly EXCEPT
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All of the Following Are Characteristics of an Oligopoly EXCEPT

Question 9

Question 9

Multiple Choice

All of the following are characteristics of an oligopoly EXCEPT


A) firms engage in marginal-cost pricing.
B) small number of firms.
C) high barriers to entry.
D) interdependence.

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