Strategic behavior is a result of the interdependence in decision making between firms.

Name: Strategic behavior is a result of the interdependence in decision making between firms.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Strategic behavior refers to the actions taken by firms, considering the actions of other firms in the same market, in order to maximize their own profits. This interdependence in decision making between firms leads to strategic behavior. Therefore, the statement is true.

Strategic Behavior Is a Result of the Interdependence in Decision