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Answer to Question #250997 in Macroeconomics for Anop

Question #250997

what is oligopoly


1
Expert's answer
2021-10-14T18:35:04-0400

Oligopoly is a market structure that is dominated by a small number of firms that have interdependence in their pricing and output policies.

It is a form of imperfect competition where the actions of a firm have significant effect on other firms in the market.


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