Even though in oligopoly the actions of one firm have a perceptible effect on the other firms, oligopoly firms act independently.

Name: Even though in oligopoly the actions of one firm have a perceptible effect on the other firms, oligopoly firms act independently.
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Question

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In an oligopoly, firms are interdependent; the actions of one firm directly affect the others, leading to strategic decision-making rather than acting independently.

Even Though in Oligopoly the Actions of One Firm Have