Under oligopoly the price charged by one firm is likely to affect the price charged by other firms in the industry.

Name: Under oligopoly the price charged by one firm is likely to affect the price charged by other firms in the industry.
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Question

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In an oligopoly, a few firms dominate the market, and the actions of one firm, including price changes, can significantly impact the pricing strategies of other firms within the same industry.

Under Oligopoly the Price Charged by One Firm Is Likely