The defining characteristic of oligopoly is that each firma, Ask an Expert

Economics

The defining characteristic of oligopoly is that each firm

a. produces the same output as its rivals

b. acts independently of its rivals

c. is mutually interdependent

d. is atomistic

e. advertises how its products are different from its rivals' products

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91402694

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