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In Comparing an Oligopolistic Firm to a Perfectly Competitive Firm

question 18

True/False

In comparing an oligopolistic firm to a perfectly competitive firm it is generally assumed that the price charged by the competitive firm will be higher than the price charged by the oligopolistic firm.


Definitions:

Filtering

The process of screening, selecting, or reducing information to manage what is passed through to avoid information overload or to emphasize certain data.

Negative Feedback

A process or response where the results of a behavior or action are used to decrease or dampen further occurrence of that behavior or action.

E-mail

A method of sending messages electronically from one computer user to another, typically via the internet.

Written Communication

The process of conveying information or expressing ideas through the writing of symbols, words, or sentences.

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