Oligopoly is difficult to analyze because

Question

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Oligopoly is difficult to analyze because of the complex interdependence that usually exists among oligopolistic firms. In an oligopoly, the actions of one firm can have a significant impact on the decisions of other firms in the market. This makes it challenging to predict how the market will behave and how individual firms will act. Additionally, oligopolies often have barriers to entry, such as high start-up costs or regulations, which can limit competition and make it difficult for new firms to enter the market.

Oligopoly Is Difficult to Analyze Because