Because an oligopoly is characterized by
A) few large sellers, each seller has some influence over the market price.
B) a single seller of a product that has few suitable substitutes, the seller is a price maker.
C) many small sellers, each firm must differentiate its product.
D) a few sellers selling a differentiated product, each seller makes its price and output decisions independently.
Correct Answer:
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Q82: Which of the following is true about
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