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    Question

    Oligopolies can end up looking like competitive markets

    if the number of firms is
    A small and they all cooperate Correct Answer Incorrect Answer
    B small and they do not cooperate Correct Answer Incorrect Answer
    C large and they all cooperate Correct Answer Incorrect Answer
    D large and they do not cooperate Correct Answer Incorrect Answer

    Solution

    In competitive markets, there are large number of firms competing with each other.

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