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What are the features of oligopoly market structure?

      

Highlight the features of oligopoly market structure.

  

Answers


Maurice
(i) Deal with products that are differentiated.

(ii) Rivalry among firms resulting to price wars.

(iii) Has a kinked demand curve.

(iv) Few sellers/ firms.

(v) Firms are large in size.

(vi) Interdependence of firms in the industry.
maurice.mutuku answered the question on July 26, 2017 at 07:09


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