Answered: Which of the following is a…

Which of the following is a characteristic of oligopoly? O A single firm selling a unique product. O Many buyers and sellers. O No barriers to entry. O Mutual interdependence of firms.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 12P

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Question

Which of the following is a characteristic of oligopoly?
O A single firm selling a unique product.
O Many buyers and sellers.
No barriers to entry.
O Mutual interdependence of firms.

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