In competing with rivals, oligopolistic firms will tend to use

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Advertising is a common strategy among oligopolistic firms because it can create brand loyalty and differentiate products, making it harder for rivals to directly compete on price alone. Price cuts can easily be matched by competitors, leading to a potential price war that reduces profits for all. Collusion, while it could theoretically increase market share and profits, is illegal in many jurisdictions and not a publicly endorsed strategy.

In Competing with Rivals, Oligopolistic Firms Will Tend to Use