Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 15.1, Problem 1RQ
To determine

Identify thecharacteristics of oligopoly.

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What are the main features of oligopoly market structure ?
What is the definition and characteristics of oligopoly market structure?
What is an example of an oligopoly industry? What makes this industry an oligopoly? What will rival firms do when one firm in the industry raises its price?
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