Which three of following characteristics apply to oligoply

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Which three of the following characteristics apply to oligopoly?

(a) A few large firms account for a high percentage of industry output.

(b) Many small firms account for a high percentage of industry output.

(d) Each firm faces a downward sloping demand curve.

(e) The industry is often characterised by extensive non-price competition.

Reference no: EM131234392

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