If a rival makes a strategic move in a(n)_________ industry,the dominant firm is most likely to respond with its own initiative to counter (or coordinate)the effects of the first firm.
A) monopolistic competitive
B) oligopolistic
C) monopolistic
D) perfectly competitive

Question

Quizplus · Accepted Answer

In an oligopolistic industry, the few large rivals are interdependent and respond to each other's moves as in a game of chess.

If a Rival Makes a Strategic Move in A(n)_________ Industry,the