Ask Question
2 November, 13:28

It is difficult to predict the behavior of oligopolistic firms because

+4
Answers (1)
  1. 2 November, 15:46
    0
    there is an interdependency of oligopolistic decisions on each other.

    Explanation:

    In an oligopolistic industry, firms have a sizable portion of the markets. This means that when an oligopolistic firm in the industry changes its price or changes its market strategy, it will most likely have effects on the other firms in that industry.

    Cheers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “It is difficult to predict the behavior of oligopolistic firms because ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers