In an oligopoly market, firms vigorously compete with each other by selling different varieties of the same product.

Name: In an oligopoly market, firms vigorously compete with each other by selling different varieties of the same product.
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Question

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In an oligopoly market, firms may compete on various fronts such as price, product differentiation, and marketing, but the competition is not always vigorous due to the small number of firms and the potential for collusion or strategic behavior.

In an Oligopoly Market, Firms Vigorously Compete with Each Other