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13 questions from this quiz
Small number of firms & interdependence
Market share of largest firms
85%85\%85%
High barriers to entry
Strategies other than price changes
Others won't follow; loses market share
Relatively elastic
Others follow; small gain in share
Firms avoid price changes due to rivals
OPEC agreeing on production quotas
No formal agreements; price leadership
Competitive advantage & higher prices
Advertising and branding
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