Distinguish between perfect oligopoly and imperfect oligopoly. Also explain the "interdependence between the firms" feature of oligopoly
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Perfect oligopoly mean producer sell homogeneous commodities and imperfect oligopoly mean they sell differciated products.
They r depends on each other because the activities done by its rival firm can affect the demand for his product so they have to keep an watchfull eye on each other.
They required to make attacking and defensive strategies to be in the marker
They r depends on each other because the activities done by its rival firm can affect the demand for his product so they have to keep an watchfull eye on each other.
They required to make attacking and defensive strategies to be in the marker
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