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To analyze oligopolies we can use the same tools used to analyze perfect competition and monopolistic competition. O O True F

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We use the marginal revenue and marginal cost functions to predict the profit-maximizing behaviour of firms which is relevant for every market structure. This is because profit is maximum when marginal revenue and marginal cost is equal to each other. all market structures have marginal revenue and marginal cost functions due to which same tools can be used to study oligopolies which are used to study competition and monopolistic competitive market.

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