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Vadim26 [7]
3 years ago
8

When a firm cannot realize the cost savings from economies of scale all by itself, it may join in a strategic alliance with othe

r firms so that together both firms will have sufficient volume to be able to gain the cost advantages of economies of scale.
True / False.
Business
1 answer:
stepladder [879]3 years ago
4 0
True I think sorry if I get it wrong
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Answer:

The correct answers are letters "B" and "C": Market control by a few large firms; Either homogeneous or differentiated products.

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An Oligopoly is when a small group of two or more companies dominates a market. Oligopoly firms may consent to <em>market collusion</em>, and <em>create barriers</em> to new trade entry. If the companies do not, they are likely to be forced to lower their prices and open the market to newer smaller companies.

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