Question

Why is the firms demend curve indeterminate under oligopy

Answer 1

Heya...

Ques :- Why is the firms demand curve indeterminate under oligopoly??

Ans _______

• Oligopoly is that market which have few no of big firms....

• The sellers of the firms are interdependent to each other at high level...

• Their market strategies depend on the reveal's strategies , so it's a high degree of interdependency..

• This lead to indeterminate demand curve...

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