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Question
Positive market feedback refers to a tendency for
A) potential entrants to an oligopolistic industry to respond to entry deterrence strategies by contemplating setting their prices above prices established by firms already in the industry.
B) potential entrants to an oligopolistic industry to respond to entry deterrence strategies by contemplating producing more output than the quantities produced by firms already in the industry.
C) a particular product to come into favor with additional consumers because other consumers have chosen to purchase the product.
D) price leaders to respond to an increase in market demand by increasing the prices of their products.
Answer
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