'Indeterminateness of demand curve' is a feature of

Name: 'Indeterminateness of demand curve' is a feature of
Brand: Quizplus
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Question

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In oligopoly markets, the demand curve is indeterminate because the actions of one firm affect the actions of other firms in the market, making it difficult to predict demand with certainty. This interdependence of firms leads to strategic behavior and uncertainty about how competitors will react to changes in price or output, resulting in an indeterminate demand curve.

'Indeterminateness of Demand Curve' Is a Feature of