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Oligopolistic firms

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Oligopolistic firms;may seek to drive competitors out of business for personal reasons, even at great expense.;would not drive competitors out of business to gain control of the market.;know that their competitors pay no attention to their pricing decisions and therefore hope to gain market share by lowering price.;do not pay attention to a competitor's prices because there's nothing they can do about them

 

Paper#15637 | Written in 18-Jul-2015

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