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6 November, 18:07

It is difficult to predict the behavior of oligopolistic firms because

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  1. 6 November, 18:19
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    there is an interdependency of oligopolistic decisions on each other.

    Explanation:

    In an oligopolistic industry, firms have a sizable portion of the markets. This means that when an oligopolistic firm in the industry changes its price or changes its market strategy, it will most likely have effects on the other firms in that industry.

    Cheers.
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