All else equal,in which oligopolistic market below would one expect the markup to be the smallest?
A) An oligopolistic market with inelastic demand and a very few firms
B) An oligopolistic market with elastic demand and a very few firms
C) An oligopolistic market with inelastic demand and a greater number of firms
D) An oligopolistic market with elastic demand and a greater number of firms
Correct Answer:
Verified
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