Firms must consider the possible reaction of rivals to their own decisions and actions in which of the following markets?

Name: Firms must consider the possible reaction of rivals to their own decisions and actions in which of the following markets?
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Question

Quizplus · Accepted Answer

In an oligopoly, a few firms dominate the market, and each firm must consider the possible reactions of its rivals to its own decisions and actions because their decisions can significantly impact each other's profits and market share.

Firms Must Consider the Possible Reaction of Rivals to Their