In a typical oligopolistic market, there are
A) no barriers to entry and firms sell homogeneous products.
B) substantial entry barriers, and firms are too large to strategically interact with each other.
C) substantial barriers to entry and firms interact strategically with each other.
D) no barriers to entry and firms interact strategically with each other.
E) no barriers to entry, but firms sell differentiated products.
Ans: C) substantial barriers to entry and firms interact strategically with each other.
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