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11 Dec 2019
An oligopolistic industry is characterized by all of the following except:
(i) existence of entry barriers.
(ii) firms pursuing aggressive business strategies, independent of rivals' strategies.
(iii) the possibility of reaping long-run economic profits.
(iv) production of standardized products.
An oligopolistic industry is characterized by all of the following except:
(i) existence of entry barriers.
(ii) firms pursuing aggressive business strategies, independent of rivals' strategies.
(iii) the possibility of reaping long-run economic profits.
(iv) production of standardized products.
Keith LeannonLv2
19 Mar 2020