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Non-Competitive Markets — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsNon-Competitive Markets1 Mark
Question
State any one feature of oligopoly.
✓

Answer

  1. There are only a few firms or a few large firms.
  2. There are barriers to the entry of firms.
  3. There is interdependence of firms.
  4. There is non-price competition.

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