Pricing and output determination under an oligopoly is more complicated than pricing and output determinations in other industries. The primary reason for the complication is the:

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In an oligopoly, there are a limited number of firms that dominate the market, leading to strategic interactions among them. Each firm's pricing and output decisions can affect the profits and market share of other firms, making it more complicated to determine pricing and output levels. This is not necessarily affected by brand loyalty, advertising, or concentration ratios.

Pricing and Output Determination Under an Oligopoly Is More Complicated