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What are the main features of an oligopolistic market

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Reference no: EM133525416

Question 1) What are the main features of an oligopolistic market?

  • How do oligopolies set their prices?
  • Explain how you can distinguish a firm in an oligopolistic market from one in a monopolistic competitive market. Provide examples to illustrate.

Question 2) Provide examples from the news of oligopolistic markets. Compare and contrast with examples of monopolistic competitive markets.

 

Reference no: EM133525416

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