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OLIGOPOLY CHARACTERISTICS: The three most important characteristics of oligopoly are: (1) an industry dominated by a small number of large firms, (2) firms sell either identical or differentiated products, and (3) the industry has significant barriers to entry.
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GOVERNMENT SUBSIDIES Transfer payments from the government sector to the business sector that do not involve current production. This is one component of the official entry government subsidies less current surplus of government enterprises found in the National Income and Product Accounts maintained by the Bureau of Economic Analysis that separates national income (the resource cost of production) and gross (and net) domestic product (the market value of production).
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GREEN LOGIGUIN
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Today, you are likely to spend a great deal of time at the confiscated property police auction hoping to buy either a New York Yankees baseball cap or a solid oak entertainment center. Be on the lookout for jovial bank tellers.
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The first U.S. fire insurance company was established by Benjamin Franklin in 1752 in Philadelphia.
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"The roots of education are bitter, but the fruit is sweet." -- Aristotle, Greek philosopher
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GNMA
Government National Mortgage Association
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