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Which of the following are characteristics of an oligopoly?
i.The HHI for an oligopoly is between 100 and 1800.
ii.There are a few firms that compete.
iii.The firms can increase their profit by forming a cartel.
Additional Investment
Funds injected into a business by its owners or shareholders over and above the initial investment, typically to support operations, expansion, or growth.
Revenue Recognition
An accounting principle that outlines the specific conditions under which revenue is recognized and dictates how it should be reported in the accounts.
Production Process
The sequence of operations or procedures used to create finished goods from raw materials, typically involving planning, sourcing, manufacturing, and quality control.
Services Rendered
Work or duties provided by one party to another, often resulting in payment for the work done.
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