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Explain the feature of interdependence of …

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Explain the feature of interdependence of firm in oligopoly market ?

    • Posted by Anjali Yadav 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Mikun Mk 7 years, 11 months ago

    The oligopoly firms are interdepent . It means the actions of one firm has a significant impact on rival firms while considering price and output level. Consequent to this, it is difficult to draw a determinate demand curve for oligopoly firms.

    1Thank You

    Geet Bathla 7 years, 11 months ago

    As their are very less firms in oligopoly if any firm exit then their can be drastic increase in demand of others which will occur shortage and vice versa

    2Thank You

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