Hewlett-Packard will not raise the prices of its personal computers without first considering how Dell might respond.This is evidence of

Question

Quizplus · Accepted Answer

The statement indicates that HP and Dell are interdependent, meaning that their pricing decisions are influenced by each other's actions in the market. This suggests that they are engaged in a form of non-collusive oligopoly, where firms compete with each other but also take into account how their actions will impact their rivals. This behavior is common in the PC industry, where a small number of firms dominate the market and have considerable influence over prices and other market outcomes.

Hewlett-Packard Will Not Raise the Prices of Its Personal Computers