Characteristic of the oligopoly model

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Which of the following is a characteristic of the oligopoly model?

a. There are barriers to the exit of firms in an oligopoly market.

b. The output decisions taken by sellers are uniform and steady.

c. The oligopoly market consists of only a small number of sellers.

d. The sellers in an oligopoly market are price takers.

Reference no: EM13984569

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