When making decisions on pricing and other behaviors,oligopolistic firms must take into account the actions of other firms.

Question

Quizplus · Accepted Answer

Oligopolistic firms face a small number of competitors in the market, which means that the actions of one firm have a significant impact on the others. Therefore, when making decisions on pricing and other behaviors, oligopolistic firms must consider and anticipate the responses of their competitors to maintain their market position and profitability.

When Making Decisions on Pricing and Other Behaviors,oligopolistic Firms Must