An oligopolistic market
A) has a small number of rival firms, and each is large relative to the size of the market.
B) is characterized by firms that merely take the price that is determined by the forces of supply and demand in the market.
C) has low entry barriers facing firms that may be interested in entering the market.
D) has a large number of firms that are small relative to the size of the market.
Correct Answer:
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