Under what market structure do we have strategic play?
A)Perfect Competition
B)Monopoly
C)Monopolistic Competition
D)Oligopoly

Question

Quizplus · Accepted Answer

Strategic play is most commonly seen in oligopoly markets, where a small number of firms dominate the market and can therefore strategize and compete with each other in various ways such as pricing, advertising, and product differentiation. In perfect competition, firms have no market power and are price-takers, so there is no room for strategic play. Monopoly markets have only one firm, so there is no competition and therefore no strategic play. Monopolistic competition is similar to oligopoly, but there are usually more firms and they are often differentiated, which can limit the extent of strategic play.

Under What Market Structure Do We Have Strategic Play