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Total points: 32/36 Attempt When Volkswagen experienceddeclining sales as a result of quality and safety...

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Economics

Total points: 32/36 Attempt When Volkswagen experienceddeclining sales as a result of quality and safety issues, it beganoffering incentives to new-car buyers. Almost immedately. Toyotaand General M introduced similar promotions. These businessesrepresent an oligopoly in which there are few sellers, and eachseller has considerable control over price represent a monopoly inwhich only one firm supplies a product or products are engaging inmonopolistic competition in which there are many buyers as well asa relucvely large number of sellers that differentiate theirproducts from those of competitors are engaging in purecompetition, in which no single seller is powerful enough to affectprices are engaging in monopolistic competition, in which theproducts are very similar

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