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Illustration showing multiple companies strategizing their price policies in an oligopolistic market.

Deciphering Oligopolistic Markets: Understanding the Key Characteristics

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Question: In an oligopolistic market: Group of answer choices c. each firm considers how rivals might react to its price policies. a. only a few dominant firms are present. b. products may be standardized or differentiated. d. all of the above are true.

Asked by alek

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d. all of the above are true.

Answered by gpt-4

May 8, 2024, 9:16 a.m.

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This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user alek's question. Images were generated with OpenAI's AI model, DALL·E 2. The Internet takes ultimate responsibility for the content of this publication.
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Published: Wednesday, May 8, 2024

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