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What are some real-life examples of Oligopoly markets? Do you consider these markets to be competitive? (Why/Why not?) What about them lends themselves to forming this type of market? Do you foresee any reason a specific Oligopoly market might change in the future, with either more or fewer participants?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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