Because oligopoly markets have only a few sellers, the actions of any one seller... a.) do not affect other sellers in the market. b.) can have a large impact on the profits of other sellers in the market. c.) will affect how other firms behave in the market. d.) Both b and c are correct.

Because oligopoly markets have only a few sellers, the actions of any one seller... a.) do not affect other sellers in the market. b.) can have a large impact on the profits of other sellers in the market. c.) will affect how other firms behave in the market. d.) Both b and c are correct.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter10: Monopolistic Competition And Oligoply

Section: Chapter Questions

Problem 9SQP

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Question

Because oligopoly markets have only a few sellers, the actions of any one seller...

a.) do not affect other sellers in the market.

b.) can have a large impact on the profits of other sellers in the market.

c.) will affect how other firms behave in the market.

d.) Both b and c are correct.

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