Oligopolyʹs major distinguishing characteristic is that firms a ) can influence the price of their product. b ) produce differentiated products. c ) are interdependent. d ) enter the industry easily.
Oligopolyʹs major distinguishing characteristic is that firms a ) can influence the price of their product. b ) produce differentiated products. c ) are interdependent. d ) enter the industry easily.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter9: Competition And Monopolies
Section9.2: Monopoly, Oligopoly, Monopolistic Competition
Problem 5R
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Oligopolyʹs major distinguishing characteristic is that firms
- a )
can influence the
price of their product. - b )
produce differentiated products.
- c )
are interdependent.
- d )
enter the industry easily.
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