Question

Discuss the primary reason for ‘indeterminateness of demand curve’ under the oligopoly form of market?​

Answer 1

hey!.

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☆Indeterminateness of Demand Curve:-

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>> In an Oligopoly form of market no ▪single firm can predict its prospective ▪sales with perfection. This is because ▪any given change in the price/output ▪decision by a rival firm would initiate

▪ a series of actions reactions and ▪counter actions by others.

• Therefore there is no certain nature and position of demand curve under this form of market for a firm.

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○hope help u!○

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Answer 2

Explanation:

The term oligopoly has been derived from two Greek words, ‘oligoi’ means few and ‘poly’ means control.

Therefore, oligopoly refers to a market form in which there is a control of few sellers on the market. These sellers deal either in homogenous or differentiated products.

Oligopoly is one of the forms of an imperfectly competitive market In India the aviation and telecommunication industries are the perfect examples of oligopoly market form. The aviation industry has only few airlines, such as Kingfisher, Air India, Spice Jet, and Indigo