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10 of 30 Questions Assignment Score: 900/3000 Resources Hint Check Answer Press esc to exit full screen 100/100 1 Question 2

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Characteristics of oligopoly-Firms must consider competitor's reactions when making decisions and significant barriers to entry.

Firms consider competitor's reactions to keep prices fixed and there are barrier to entry to avoid competition.

Not characteristics of oligopoly-Large number of buyers and sellers,free entry and exit,large number of firms producing differentiated products.

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