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All of the following are characteristics of an oligopolistic market EXCEPT firms must consider the actions of their rivals cartels eventually form to keep prices high firms have the ability

All of the following are characteristics of an oligopolistic market EXCEPT a)firms must consider the actions of their rivals. b)cartels eventually form to keep prices high. c)firms have the ability to influence prices. d)firms earn lower profits than a monopoly.

Apr 09 2020 View more View Less

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