In oligopoly industries one firms choices have no impact on

In oligopoly industries: one firm\'s choices have no impact on other firms. choices are usually optimal for all firms. it is not possible to maximize profit. one firm\'s choice will affect profits of other firms.

Solution

Solution-

In oligopoly industries: One firm\'s choice will affect profits of other firms.

The correct option is D. One firm\'s choice will affect profits of other firms.

Reason-

Oligopali is a market structure with a small number of firms, none of which can prevent others from having significant impact.In an oligopoly the firm are mutually dependent - the actions of a firm affect the benefits or other firms.

 In oligopoly industries: one firm\'s choices have no impact on other firms. choices are usually optimal for all firms. it is not possible to maximize profit. o

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site