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Author Question: Firms in an oligopoly A) act independently. B) engage in strategic behavior. C) have perfect ... (Read 83 times)

mrsjacobs44

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on: Jun 30, 2018
Firms in an oligopoly
 A) act independently.
  B) engage in strategic behavior.
  C) have perfect knowledge of the behavior of others.
  D) openly collude.

Question 2

One of the characteristics of an oligopoly is
 A) many sellers.
  B) easy entry.
  C) interdependence in decision making.
  D) the use of patents to protect market share.


SAUXC

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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mrsjacobs44

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Reply #2 on: Jun 30, 2018
Thank you


SAUXC

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Reply #3 on: Jun 30, 2018
No problemo


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