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Business, 17.07.2020 14:01 nayelialvarez5950

Which of the following best describes a situation where an oligopoly exists? A. A large number of businesses are selling identical products to a well-informed customer base.

B. A small number of producers command nearly the entire market for a certain good or service.

C. A single producer is the only one selling a good or service with no close substitutes.

D. Many producers are selling slightly differentiated products that are close substitutes of each other.

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Which of the following best describes a situation where an oligopoly exists? A. A large number of b...
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