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Which of the following are characteristics of an oligopoly market? (Check all that apply.) P = MC at the profit maximizing qu

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Ans) Oligopoly is where few firms dominate the market. There are significant barriers to entry and exit. Eg- cigarettes, aluminium, airlines etc.

Which of the following are characteristics of an oligopoly market? (Check all that apply.) | P = MC at the profit maximizing

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