Typically,licensing will be a common strategy in oligopolies where competitive interdependence requires that multinational firms maintain tight control over foreign operations so that they have the ability to launch coordinated attacks against their global competitors.

Question

Quizplus · Accepted Answer

Licensing involves granting rights to a firm in another country to produce and sell a company's product, which does not allow for tight control over operations. In oligopolies, firms often prefer strategies like joint ventures or wholly-owned subsidiaries to maintain control and coordinate strategies.

Typically,licensing Will Be a Common Strategy in Oligopolies Where Competitive