An oligopolist who sets the price for the industry is a price leader.
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Q40: Under monopolistic competition, profits cannot persist because
Q41: Oligopolists almost always cooperate in making price
Q42: Cartels provide uniform management, but none of
Q43: The key difference between oligopoly and other
Q44: Oligopolists behave independently of each other.
Q46: OPEC became a successful cartel in the
Q47: Price leadership is an example of explicit
Q48: An oligopoly firm with a differentiated product
Q49: Because members of a cartel have a
Q50: Oligopolies are difficult to analyze because of
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