One thing oligopolists must do in order to determine their optimal strategy is
A) anticipate the reaction of their customers to their strategy.
B) ignore the reaction of their rivals to their strategy.
C) ignore the reaction of their customers to their strategy.
D) produce a unique product which has no close substitutes.

Question

Quizplus · Accepted Answer

Oligopolists must anticipate the reaction of their customers to their strategy to determine their optimal strategy, as customer response directly affects their market share and profitability.

One Thing Oligopolists Must Do in Order to Determine Their