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In: Economics

Name a product that you regularly purchase from a firm that operates in an oligopolistic industry....

Name a product that you regularly purchase from a firm that operates in an oligopolistic industry. Explain why the product and firm fit the model of oligopoly. Think about the TV commercials and/or print advertisements that you’ve seen from this industry: What interdependence have you noticed between the firm you selected and its rivals in terms of product differentiation, price leadership, or price competition? Explain your answer.

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Rahul Sunny answered 1 year ago
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