As a manager in an oligopolistic market, it is critical to take into consideration your rivals' best responses to your decisions.

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In an oligopolistic market, there are a limited number of competitors who have significant market power, making it crucial to anticipate and consider their potential reactions to your decisions. Failure to do so can lead to negative consequences, such as price wars or lost market share. Therefore, taking into account your rivals' best responses is a key factor in making informed and strategic decisions as a manager in an oligopoly.

As a Manager in an Oligopolistic Market, It Is Critical