A common characteristic of oligopolies is: Products can be homogeneous or differentiated. independent pricing decisions. low...
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A common characteristic of oligopolies is:
Products can be homogeneous or differentiated.
independent pricing decisions.
low industry concentration.
few or no economies of scale.
Homework Answers
Answer
Products can be homogeneous and or differentiated.
In an oligopoly such as the the crude oil industry products for homogeneous whereas in the airplane industry products are differentiated. In an oligopoly pricing decisions are dependent upon what the arrival firms are going to do.
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A common characteristic of oligopolies is:
Products can be homogeneous or differentiated.
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low...
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anyone please answer the questions? it's about Management Decisions
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