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Interindustry Competition Refers to the Fact That

Question 154

Multiple Choice

Interindustry competition refers to the fact that


A) oligopolistic producers establish a common price for their products.
B) products are identical in a purely competitive industry.
C) firms that sell a product at one stage of production buy materials and parts from other firms at prior stages of production.
D) in some markets, the producers of a certain commodity might face competition from products of other industries.

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