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Oligopolies are when a few firms control a market. This is not uncommon, for there are many industries like the cereal industry where the big-name brands dominate.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 13 - Monopolistic Competition and Oligopoly - Discussion Questions - Page 301: 6
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