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Author Question: Which of the following is a characteristic of an oligopolistic market structure? A) There are few ... (Read 135 times)

cookcarl

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Which of the following is a characteristic of an oligopolistic market structure?
 
  A) There are few dominant sellers. B) Each firm sells a unique product.
  C) Each firm need not react to the actions of rivals. D) It is easy for new firms to enter the industry.

Question 2

For a monopolistically competitive firm, marginal revenue
 
  A) and price are unrelated. B) is less than the price.
  C) is greater than the price. D) equals the price.


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moormoney

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cookcarl

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Reply 2 on: Jun 29, 2018
:D TYSM


jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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