An oligopolistic industry is characterized by Question 2Answer a. one dominant firm in the industry. b. having no market power. c. strategic behavior. d. free entry and exit.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
An oligopolistic industry is characterized by

Question 2Answer

a.
one dominant firm in the industry.
b.
having no market power.
c.
strategic behavior.
d.
free entry and exit.
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