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प्रश्न
What is differentiated oligopoly?
लघु उत्तरीय
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उत्तर
Differentiated oligopoly is a form of market in which a few firms dominate and offer products that are not identical but are close substitutes. Although each firm’s product has unique features, such as brand name, design, or quality, they serve the same basic purpose, and consumers can switch between them. This type of competition focuses on product differences rather than just price.
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