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Category > Economics Posted 05 May 2017 My Price 2.00

Barriers to entry prevent new firms entering

 

 Which of the following statements is incorrect. In oligopoly ________.

A. barriers to entry prevent new firms entering

B. each firm’s profit is influenced by each other firms’ advertising

C. each firm’s action is influenced by the actions and reactions of each other firm

 D. each firm is a price taker and the price is the monopoly profit-maximizing price

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 05 May 2017 10:05 AM My Price 2.00

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file 1493978551-Answer.docx preview (112 words )
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