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An oligopoly exists when there are many small businesses selling one standardized product. a. True b. False
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3 votes
An oligopoly exists when there are many small businesses selling one standardized product.

a. True
b. False

User Funkizer
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1 Answer

7 votes
Oligopolies can result from carious forms of collusion which then reduces competition and lead to higher prices. So I would say b for this.
Hope this helps.
User Outshined
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