One characteristic of an oligopoly market structure is: A. the actions of one seller have no impact on the profitability of other sellers. B. firms in the industry are typically characterized by very diverse product lines. C. products typically sell at a price that reflects their marginal cost of production. D. firms in the industry have some degree of market power.
One characteristic of an oligopoly market structure is: firms in the industry have some degree of market power.
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Asked 12/13/2015 10:40:29 AM
Updated 12/13/2015 11:11:14 AM
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