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Economies Of Scale Monopolistic Competition
2,867 wordsBusiness Economics Firms tend to have very tricky behavior in oligopolistic industries. Oligopoly is a market structure dominated by a small number of large firms, selling either identical or differentiated products, and there are significant barriers to entry into the industry. This is one of four basic market structures. The other three are perfect competition, monopoly, and monopolistic competition. Oligopoly being a general market structure category, dominates the modern economic landscape. ...
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