Which of the following is a distinguishing characteristic of oligopoly? question 1 options:
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Which of the following is a distinguishing characteristic of oligopoly? question 1 options:
a) firms are free to enter and exit the industry.
b) natural barriers cannot prevent the entry of new firms.
c) each firm's actions influence the profits of all the other firms.
d) a large number of firms compete.
Answers: 1
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