Where interdependence is especially pronounced, competition among oligopolists will
A)resemble military tactics and strategies.
B)disappear.
C)lead to large increases in product output.
D)entice more firms to enter the market.

Question

Quizplus · Accepted Answer

In markets where interdependence among firms is pronounced, such as in oligopolies, competition often resembles military tactics and strategies. Firms are highly aware of each other's actions and may engage in strategic moves like price cuts, product launches, or advertising campaigns, anticipating and reacting to the moves of their competitors in a manner similar to strategic games in military contexts.

Where Interdependence Is Especially Pronounced, Competition Among Oligopolists Will