In an oligopoly market
A) the pricing decisions of all other firms have no effect on an individual firm.
B) individual firms pay no attention to the behavior of other firms.
C) advertising of one firm has no effect on all other firms.
D) one firm's pricing decision affects all the other firms.
Answer: D
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A) not change. B) increase. C) decrease. D) decrease or increase depending on economic conditions.
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A) $100. B) $200. C) $300. D) $400.