The fact that the firms in an oligopoly are mutually, Business Economics

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The fact that the firms in an oligopoly are mutually

The fact that the firms in an oligopoly are mutually interdependent means that each firm:

produces a product that is identical to the products of its competitors.

must consider the reactions of its competitors when it sets the price for its output.

faces a perfectly elastic demand curve for its product.

produces a product that is similar, but not identical, to the products of its competitors.

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Business Economics: The fact that the firms in an oligopoly are mutually

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Business Economics: The fact that the firms in an oligopoly are mutually

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