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5 January, 14:21

Mutual interdependence means that oligopolistic producers rely primarily on price competition in determining their shares of the total market for their product.

True or False

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  1. 5 January, 16:58
    0
    False

    Explanation:

    The statement is false in case of oligopoly. Mutual interdependence is when at least two elements rely upon each other. On account of an oligopoly, organisations inside a market are commonly related. Each organisation needs to think about the outcomes of an adjustment in procedure on contenders inside that market. Oligopolists attempt to boost benefit.
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