Solved: Assume that a very competitive start-up enters the market, Econometrics

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Assume that a very competitive start-up enters the market

Describe an oligopoly company and explain what makes it so.

Assume that a very competitive start-up enters the market in direct competition with the oligopoly you describe initially gaining a 12% market share. Discuss the steps the oligopoly should take to address this new competition.

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Econometrics: Assume that a very competitive start-up enters the market

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Econometrics: Assume that a very competitive start-up enters the market

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