In order for a market to be classified as an oligopoly,
A) there must be fewer than 10 firms
B) the four largest firms must have 90 percent of the market
C) there must be fewer than 5 firms
D) the firms must be strategically interacting
E) the firms must be strategically independent
Correct Answer:
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A)the absence of barriers to entry
B)extensive
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A)is a market structure of many small
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