Ask Question
BusinessBusiness
5 December, 09:47

Mutual interdependence means that each oligopolistic firm

+4
Answers (1)
  1. 5 December, 13:30
    0
    Answer: must consider the reactions of its rivals before it determines its price policy.

    Explanation:

    The mutual interdependence which characterizes oligopoly was as a result of a small number of firms that produce a large proportion of the output on an industry.

    Mutual interdependence is a term that explains that oligopolies benefit from one another through market share, price allocation, product differentiation, and location in terms of geography,

    For example, if Coke wants to sell more of its product and reduces itst prices, Pepsi will notice that there's a sales fall.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mutual interdependence means that each oligopolistic firm ...” 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
You Might be Interested in
When the implied value exceeds the aggregate fair values of identifiable net assets, the residual difference is accounted for as:a. excess of implied over fair value. b. a deferred credit. c. difference between implied and fair value. d. goodwill.
Answers (1)
The Faulk Corp. has a bond with a coupon rate of 4 percent outstanding. The Gonas Company has a bond with a coupon rate of 10 percent outstanding. Both bonds have 12 years to maturity, make semiannual payments, and have a YTM of 7 percent.
Answers (1)
You have been placed in charge of all advertising for a product that has common appeal in different cultures around the world. You will most likely engage in a. global advertising. b. international advertising. c. national advertising. d.
Answers (1)
What is the meaning of commerce?
Answers (1)
Risk is an important concept affecting security prices and rates of return. Risk is the chance that some unfavorable event will occur, and there is a trade-off between risk and return.
Answers (1)
New Questions in Business
What effect do you think seasonal demand might have on the price of goods? Explain why.
Answers (1)
Welfare economics explains which of the following in the market for televisions? a. The government sets the quantity of televisions; firms respond to the quantity by charging a specific price. b.
Answers (1)
Cardinal Company is considering a five-year project that would require a $2,890,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%.
Answers (1)
Parwin Corporation plans to sell 42,000 units during August. If the company has 17,500 units on hand at the start of the month, and plans to have 18,500 units on hand at the end of the month, how many units must be produced during the month?
Answers (1)
Clip Joint company is ready to sell its bonds. Which of the following financial questions is most relevant to the issue of the bonds and that investors will most likely want answered before they purchased the bonds?
Answers (1)
Home » Business » Mutual interdependence means that each oligopolistic firm
Sign Up Forgot Password?