Why are firms in oligopoly interdependent?

What will be an ideal response?


Firms in oligopoly are interdependent because each firm has a large market share and so each firm's decisions have a major influence on its competitors' profits.

Economics

You might also like to view...

Marginal cost refers to the ________ cost incurred when choosing a particular action

A) total B) net C) implicit D) additional

Economics

If the yen appreciates in value against the dollar, the dollar must have depreciated against the yen

Indicate whether the statement is true or false

Economics

During the 1990s, Japan experienced periods of deflation and very low nominal interest rates, approaching zero percent. Why would lenders of money agree to a nominal interest rate of almost zero?

What will be an ideal response?

Economics

Which of the following is a bank asset?

A) checkable deposits B) savings deposits C) borrowings in the federal funds market D) cash items in the process of collection

Economics