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Which of these is an example of rational inattention?
Oligopolists
Firms or entities that are part of an oligopoly, a market structure characterized by a small number of large firms dominating the market, leading to limited competition.
Non-collusive Oligopoly
A market structure where a small number of firms compete independently, without agreements or collusion between them.
Diagram
A visual representation that outlines, explains, or clarifies complex data or relationships using symbols, icons, lines, and texts.
Collusive Oligopoly
A market situation where a few companies control a large market share and agree, often illegally, to fix prices, limit production, or divide markets to maximize profits.
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