As the number of firms in an oligopoly decreases

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Reference no: EM131097093

As the number of firms in an oligopoly decreases:

A. it indicates that barriers to entry are likely to be very low.

B. firms are less likely to engage in tacit collusion.

C. firms are more likely to engage in tacit collusion.

D. it becomes more difficult for the oligopoly to restrict output.

Reference no: EM131097093

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