In which of the following ways do oligopolies compete with existing rivals and block new entries?
A) by offering a variety of products
B) by increasing the price of their products
C) by reducing the quantity of output produced
D) by increasing the wages paid to workers
E) by producing homogeneous products
Correct Answer:
Verified
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A)produce less.
B)charge
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A)produce more.
B)charge
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