If competing oligopolists completely ignore oligopolist X's price changes, then X's

Name: If competing oligopolists completely ignore oligopolist X's price changes, then X's
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When competing oligopolists ignore X's price changes, X can change prices without losing customers to competitors, making X's demand curve more elastic. If competitors matched price changes, customers would have less incentive to switch based on price, making X's demand curve less elastic.

If Competing Oligopolists Completely Ignore Oligopolist X's Price Changes, Then