Question

Discuss the strategic decision making in oligopoly markets.

Answer 1

Explanation:

In the oligopoly market farm make different types of decesion in which they can make maximum profit. Farms in the oligopoly market see the rival farm strategy and based on the rival farm strategy other farms make strategy. They play different type of game to do earn maximum profit.

sometimes they make different types collision to avoid the price war and maximized joint profit.

Answer 2

The strategic decision making in oligopoly markets is dominated by their interaction in market.

Explanation:

• Strategy formulation is important for the decision making of the oligopolist in markets as they have to give responses to the rivals to the changes in the price and the non-price activity.

• The decision related to the competition with the rivals or to merge with them. Whether to raise or keep the process constant. Whether to first implement the strategy or wait and watch.

• The advantage to go first and go second is also quite an important decision. Reduction of the barriers to entry by changing or shifting their market position.  

Learn more about the the strategic decision making in oligopoly markets.

• brainly.in/question/17755860 answered by Somdip95.