Which оf the fоllоwing stаtements аbout Oligopoly аre true? I. An oligopoly firm is able to set prices without considering their competitors because they are very large. II. Oligopolies generally represent an industry that has few firms and low barriers to entry. III. Mutual interdependence is key in the decision making process between firms. IV. Cartels are inherently stable because the demand for their product is highly elastic.
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