Multiple Choice
To determine if a market is an oligopoly,we need to determine if
A) the market's HHI is less than 900.
B) there are many firms in the market.
C) the firms are so few that they recognize their mutual interdependencies.
D) the firms make identical or differentiated products.
E) cartels are legal in their market.
Correct Answer:
Verified
Correct Answer:
Verified
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