In an oligopolistic market firms pay close attention to the, Ask an Expert

Economics

In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition, with a large number of sellers, it is assumed that there is not this kind of rivalry, or interdependence. Why is there probably some rivalry in many monopolistically competitive markets?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91949900

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