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Answer the following questions: 1. How is an Oligopoly different than Monopolistic Competition? 2. Explain the Kinked Demand Curve. 3. Could Microsoft be used as

Answer the following questions:

1. How is an Oligopoly different than Monopolistic Competition?

2. Explain the “Kinked Demand Curve.”

3. Could Microsoft be used as an example of the Dominant Firm Model? If so, explain if not why not?

4. Is “tacit collusion” legal? Why or why not?

5. What is “barometric price leadership”?

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