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Suppose that you are hired by a producer of wooden pallets to determine what sort of competition the firm faces. Due to a accident at the production plant the firm massively cuts production for a week. During this week of low production the price for pallets does not change at all. Given this observation this firm likely faces...

-Perfect competition

-Oligopoly

-Monopoly

Sagot :

Baraq

During this week of low production, the price for pallets does not change at all. Given this observation this firm likely faces Oligopoly. Below is further explanation on Oligopoly.

What is Oligopoly?

An oligopoly is a market featured by a small number of firms who realize they are interdependent in their pricing and output policies. The number of firms is small enough to give each firm some market power.

Therefore, the correct answer is Oligopoly.

learn more about Oligopoly: https://brainly.com/question/13658628

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