Because each firm has a relatively large share of the market,the actions of one firm do not have much effect on the decision making of other firms in an oligopolistic market.

Question

Quizplus · Accepted Answer

In an oligopolistic market, the actions of one firm can have a significant impact on the decision making of other firms, due to the interdependence and competition among the small number of firms in the market.

Because Each Firm Has a Relatively Large Share of the Market,the