question archive What is an industry that is dominated by a few firms, each of whom recognizes that its own choices can affect the choices of its rivals and vice versa, called?
What is an industry that is dominated by a few firms, each of whom recognizes that its own choices can affect the choices of its rivals and vice versa, called?
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What is an industry that is dominated by a few firms, each of whom recognizes that its own choices can affect the choices of its rivals and vice versa, called?
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An industry that is dominated by a few firms, each of whom recognizes that its own choices can affect the choices of its rivals and vice versa, called oligopoly. The decision of one firm in this industry has to take into account the actions of the other firm.
