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Why the firm's demand curve is indeterminate in oligopoly market ?
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Heya...
Answer ________
• Oligopoly is the market in which there is few no of big firms with the high degree of interdependency to each other...
• Due to this high interdependent nature firm's demand curve is intermidiate..
_______
___________
Market policies of each firm reflect from the other firm for better market share...
A firm can't increase or decrease it's price without the same surety by other firms..
Thank you
Answer ________
• Oligopoly is the market in which there is few no of big firms with the high degree of interdependency to each other...
• Due to this high interdependent nature firm's demand curve is intermidiate..
_______
___________
Market policies of each firm reflect from the other firm for better market share...
A firm can't increase or decrease it's price without the same surety by other firms..
Thank you
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