Even though in oligopoly the actions of one firm has a perceptible effect on the other firms, oligopoly firms act independently.

Name: Even though in oligopoly the actions of one firm has a perceptible effect on the other firms, oligopoly firms act independently.
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Question

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In an oligopoly, firms are interdependent and must consider the potential reactions of other firms when making decisions, as the actions of one firm can significantly impact the others.

Even Though in Oligopoly the Actions of One Firm Has