Oligopoly short exercises
1. Fill in the missing wordsAssumptions/FeaturesExplanation__________ number of large firmsSmallIn an oligopoly there are a _________ number of large firms which co-exist with a __________ number of small firms.small, largeThey sell _________ goods, often only slightly differentiated.similarOligopolies will tend to sell _________ goods which are differentiated through branding, advertising and packaging. This will allow...
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