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Pavlova-9 [17]
3 years ago
8

Mutual interdependence means that each oligopolistic firm:

Business
1 answer:
Vlada [557]3 years ago
6 0
Mutual interdependence means that each oligopolistic firm <span>must consider the reactions of its rivals when it determines its price policy.

An oligopoly has a limited amount of competition because there is a small amount of producers or sellers in the market. Because there is a small amount, they consider the reactions someone else may have if they change the the price policy. These firms can not keep each other from having a large influence over the market. 
</span>
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