An oligopoly market consists of a many firms which produce, Ask an Expert

Economics

An oligopoly market consists of:

a. many firms which produce a standardized product.

b. firms which face perfectly elastic demand curves.

c. at least five firms one of which dominates the market.

d. firms that make independent pricing and output decisions.

e. a group of firms that dominate the market.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91848182

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