Oligopoly market with dominant firm and competitive fringe

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Reference no: EM13984570

In an oligopoly market with a dominant firm and a competitive fringe, if market demand is _____, the market price will be low and the _____ profit will be small.

a. less elastic; fringe's

b. less elastic; dominant firm's

c. more elastic; fringe's

d. more elastic; dominant firm's

Reference no: EM13984570

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