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Only two large corporations sell cars in a country. Though they sometimes compete for customers, the corporations have agreed never to lower their
prices below a certain level. They also operate in different parts of the
country so that few consumers have a real choice between the companies.
As a result, the companies have little direct competition.
This situation best illustrates which market condition?
W


Only two large corporations sell cars in a country. Though they sometimes

compete for customers,

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Answers: 3

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