Why is the behavior of an oligopolist so hard to predict


Why is the behavior of an oligopolist so hard to predict? How does it differ from that of a monopolist? Why? Also, If a monopolist has little substantial competition wouldn’t logic dictate that that there would be a portion of the Marginal revenue curve (at about the equilibrium quantity in perfect competition) where demand would be infinitely inelastic? Why or why not?

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Business Economics: Why is the behavior of an oligopolist so hard to predict
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