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1. An oligopoly situation exists when
a. there is only one buyer
b. there is only one supplier and there are significant barriers to new competitors.
c. numerous competitors offer undifferentiated products.
d. numerous competitors offer similar products, prompting the competitors to strive to make their products unique from others.
e. there is a small number of competitors offering similar, but somewhat differentiated, products and there are significant barriers to new competitors.
2. Which of the following is not a type of qualitative research?
Projective techniques
Depth interviews
Focus groups
Surveys that require ticking or clicking in boxes
All of the options listed are qualitative research techniques.
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