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What is oligopoly ?...

What is oligopoly ?

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Oligopoly refers to a market situation in which there are a few firms selling homogeneous or differentiated products. There is price rigidity.
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RADHA BHUGANA-FORMS OF MARKET AND PRICE DETERMINATION UNDER PERFECT COMPETITION WITH SIMPLE APPLICATIONS -OBJECTIVE TYPE QUESTIONS
  1. Define perfect competition.

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  2. Define Monopoly market.

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  3. Defice monopolistic competition.

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  4. What is oligopoly ?

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