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The Fact That Firms in Oligopoly Are Interdependent Means That

Question 76

Multiple Choice

The fact that firms in oligopoly are interdependent means that


A) there are barriers to entry.
B) one firm's profits are affected by other firms' actions.
C) they can produce either identical or differentiated goods.
D) there are too many of them for any one firm to influence price.
E) they definitely compete with each other so that the price is driven down to the monopoly level.

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