Why are the actions of firms interdependent in an oligopoly market but not in a monopolistically competitive market?
Because there are only a few firms in an oligopoly market, their actions are interdependent. There are so many firms in a monopolistically competitive market that each firm it too small for its actions to affect other firms.
Economics
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The EEOC investigates violation of the
a. warn act b. kyoto protocol c. sarbanes-osley act d. civil rights act of 1964
Economics
The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the producer surplus?
A) $3,000 B) $1,000 C) $10 D) $600
Economics