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Explain the feature interdependence of firms …

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Explain the feature interdependence of firms in oligopoly market

    • Posted by Vinod Bisht 6 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Pragya Tyagi 6 years, 11 months ago

    Firms are interdependent in oligopoly market as an individual firm cannot change the market price without considering its effect on the market by the rival firms. Firms can change the price of their commodity but they do not do so to avoid price war.

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