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Question: Which of the following are characteristic of oligopolistic industries?
a. a large number of firms
b. few firms
c. a high degree of product differentiation
d. high barriers to entry
e. free entry and exit
f. mutual interdependence
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a select a firm or industry in the leisure tourism or hospitality sector-examples include a travel agency a holiday
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corporate profitability declined by 20 percent from 2008 to 2009. what performance percentage would you use to trigger
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Suppose the supply curve for a good is completely inelastic. If the government imposed a price ceiling below the market-clearing level, would a deadweight loss result? Explain.
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