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4 November, 19:11

Mutual interdependence means that each oligopolistic firm

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  1. 4 November, 19:34
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    Answer: must consider the reactions of its rivals before it determines its price policy.

    Explanation:

    The mutual interdependence which characterizes oligopoly was as a result of a small number of firms that produce a large proportion of the output on an industry.

    Mutual interdependence is a term that explains that oligopolies benefit from one another through market share, price allocation, product differentiation, and location in terms of geography,

    For example, if Coke wants to sell more of its product and reduces itst prices, Pepsi will notice that there's a sales fall.
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