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Market power is highest when: • Number of sellers is _________ (small or large) • Product...

Market power is highest when:
• Number of sellers is _________ (small or large)
• Product is _________ (identical or different)
•Barriers to entry/exit are _____ (low or high)
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Answer #1

Market power is highest when:

• Number of sellers is small

• Product is different

•Barriers to entry/exit are high

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