Answer:
A. must consider the behavior of its rivals when it makes decisions.
Explanation:
An oligopoly occurs when a small number of firms operate in a market, and firms cannot control the influence of other firms in the market. Each firm has the ability to influence the market.
A key feature of oligopoly is interdependence. Firms look at other firms behaviours before making decisions. It is a form of tacit collusion.
Decisions on output, price, advertising and other depends on decision of other firms in the market.
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.
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Answer:
B. 17 is the correct answer.
Explanation:
