question archive By saying that firms in an oligopoly are interdependent, we mean that _____
By saying that firms in an oligopoly are interdependent, we mean that _____
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By saying that firms in an oligopoly are interdependent, we mean that _____.
a. actions by one will prompt reactions by others
b. if one increases its profits, all others will increase profits as well
c. all firms sell identical products
d. if one increases its profits, all others will lose profits
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a. actions by one will prompt reactions by others
It is because under oligopoly the strategies and decision of one firm of the industry are based on the expected reactions which other available firms can use.
