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Describe the output and price effects that influence the profit-maximising decision faced by a firm in an oligopoly market.How does this differ from output and price effects in a monopoly market?
Supplier Group
A collection of businesses or individuals that provide goods or services to a particular sector, organization, or manufacturing process.
Union Group
A collective of workers formed to negotiate with employers for better terms of employment, such as wages and working conditions.
Divisional Structure
A type of organizational structure that groups together those employees who are responsible for a specific product type or market service according to workflow.
Expertise Focused
Concentration or specialization in a particular area of knowledge or skill.
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