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Social Studies, 01.07.2019 09:00 lineaeriksen

What is one of the main differences between a monopoly and an oligopoly? a. oligopolies face downward sloping demand curves, unlike monopolistic firms. b. an oligopoly is a market situation where there are no close substitutes for the good. c. firms in oligopoly can set prices to a degree but must consider other firms' decisions. d. there are barriers to entry for firms in a monopolistic but not in oligopolistic markets.

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