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What strategy do firms in an oligopoly use to compete?

User Ntropy Nameless
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Firms in an oligopoly use a variety of strategies to compete, including price competition, product differentiation, and non-price competition. Price competition involves setting prices lower than competitors in order to gain market share. Product differentiation involves creating unique products or services that are not offered by competitors. Non-price competition involves strategies such as advertising, promotions, and customer service.

User Sposmen
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