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9 Feb 2018

Which one of the following is not a characteristic of an oligopoly? prices differ greatly many buyers swift response to price changes of a competitor great product differentiation few sellers

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Nelly Stracke
Nelly StrackeLv2
10 Feb 2018
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Related questions

A competitive strategy of striving to be the low-cost provider is particularly attractive when:

A) buyers are not price sensitive.

B) the industry is made up of a large number or equal-sized rivals.

C) there are many ways to achieve product differentiation that have value to buyers.

D) price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.

E) switching costs are high, price competition is strong, and buyers tend to use the industry's products in many different ways.

18) Equilibrium in the market is attained when: b) there are no dramatic changes in the market over time the laws of supply and demand interact to set the price and quantity of a product at which buyers and sellers agree suppliers are willing to produce the quantity demanded consumers are willing to pay the price being charged d)

18) Equilibrium in the market is attained when: there a) b) there are no dramatic changes in the market over time the laws of supply and demand interact to set the price and quantity of a product at which buyers and sellers agree suppliers are willing to produce the quantity demanded consumers are willing to pay the price being charged

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