Which of the following is NOT a characteristic of an oligopoly? low barriers to entry the firms are interdependent the good produced may be unique or not small number of firms has some pricing power

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter15: Oligopoly And Strategic Behavior
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Which of the following is NOT a characteristic
of an oligopoly?
low barriers to entry
the firms are interdependent
the good produced may be unique or not
small number of firms
has some pricing power
Transcribed Image Text:Which of the following is NOT a characteristic of an oligopoly? low barriers to entry the firms are interdependent the good produced may be unique or not small number of firms has some pricing power
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