Oligopolistic firms are the only ones that do not consider their rivals' actions when making decisions about output and price.

Question

Quizplus · Accepted Answer

Oligopolistic firms do consider their rivals' actions when making decisions about output and price. This is because the actions taken by one firm have an impact on the other firms in the market. Therefore, oligopolistic firms engage in strategic decision-making based on their competitors' actions.

Oligopolistic Firms Are the Only Ones That Do Not Consider