Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 13 - Monopolistic Competition and Oligopoly - Discussion Questions: 7

Answer

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Work Step by Step

This means that the largest four firms gain 60 percent of the overall revenue for the market. Whether or not this constitutes an oligopoly depends on who you ask.
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