In a large glass bowl, mix together the chili powder, garlic powder, salt, and pepper. Add chicken strips and toss until well seasoned.
In a large skillet over medium-high, heat 2 tablespoons olive oil until hot but not smoking. Add chicken and sauté until cooked through, about 10 minutes. Remove the chicken and set aside. Heat the remaining oil in skillet, add peppers and onions and sauté until tender, about 5 minutes. Return chicken to skillet with vegetables and heat through. Serve immediately.
Serve fajitas in warmed tortillas
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