In an oligopoly situation, a "price war" will cause all sellers to lose sales revenue.

Name: In an oligopoly situation, a "price war" will cause all sellers to lose sales revenue.
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Question

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In an oligopoly, there are only a few sellers in the market, and they have the ability to influence prices. A price war between these sellers may lead to lower prices for consumers, but it also means that each seller is earning less revenue per unit sold. As a result, all sellers may end up losing sales revenue overall.

In an Oligopoly Situation, a "Price War" Will Cause All