In oligopoly, any action by one firm to change price, output, or quality causes
A) a reaction by other firms.
B) no reaction from the other firms.
C) a profit gain for the other firms.
D) loss of market share by the acting firm.
A
Economics
You might also like to view...
The antitrust laws are sometimes used by companies to reduce competition in their markets rather than enhance it
a. True b. False Indicate whether the statement is true or false
Economics
Are returns to a single input and returns to scale one and the same? Explain.
What will be an ideal response?
Economics