Firms must consider the possible reaction of rivals to their own decisions and actions in
A) monopolistic competition only.
B) monopolistic competition and oligopoly.
C) oligopoly only.
D) pure competition and oligopoly.

Question

Quizplus · Accepted Answer

In an oligopoly, firms are interdependent and must consider the reactions of their rivals when making decisions, as the actions of one firm can significantly impact the others.

Firms Must Consider the Possible Reaction of Rivals to Their