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There is a gap in the oligopolist’s marginal-revenue curve because:.

Sagot :

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Answer:

Oligopoly

An oligopoly is the type of market where there are very few sellers. The firms, therefore, have a choice whether to work in collusion or competition. In this type of market, the demand curve is kinked due to the dynamic nature of the market. The firms in this type of market will engage in heavy advertising to capture a good amount of market share.

Explanation:

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