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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Q • What are the main features of an oligopolistic market? • How do oligopolies set their prices? • Explain how you can distinguish a firm in an oligopolistic market from one in a monopolistic competitive market. Provide examples to illustrate.

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Some of the main features of an oligopolistic market are that firms remain quite interdependent on the market and this kind of market structure is considered to be non price competitive in nature. There lies barriers to entry for those of the other firms and