In which market structure is interdependent decision making most likely to occur among the firms?

Question

Quizplus · Accepted Answer

Interdependent decision making is most likely to occur in an oligopoly because this market structure is characterized by a few large firms whose actions directly affect each other. In such markets, the decisions of one firm often lead to reactions from the other firms, making strategic planning and consideration of competitors' actions crucial.

In Which Market Structure Is Interdependent Decision Making Most Likely