Economists usually call an industry an oligopoly if .
a. the four largest firms produce...
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Advanced Placement (AP), 05.05.2020 16:47, cathysilvestro
Economists usually call an industry an oligopoly if .
a. the four largest firms produce at least 70β80 percent of the output
b. only one product is available on the market
c. here is one firm that produces 100 percent of the output
d. the ten largest firms produce less than 50 percent of the output
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Answers: 1
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