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Discuss the primary reason for 'indeterminateness of deamand curve' under the oligopoly from of market.

Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/primary-1165403" style="font-weight:bold;" target="_blank" title="Click to know more about PRIMARY">PRIMARY</a> reason for indeterminateness of demand curve under oligopoly from of market si that firm under oligopoly are <a href="https://interviewquestions.tuteehub.com/tag/mutually-7377074" style="font-weight:bold;" target="_blank" title="Click to know more about MUTUALLY">MUTUALLY</a> interdependent i.e., actins regarding change in price and output policy of one firm depend one the <a href="https://interviewquestions.tuteehub.com/tag/actions-25526" style="font-weight:bold;" target="_blank" title="Click to know more about ACTIONS">ACTIONS</a>, reactions of the other firms. Since the firm always considers the probable reaction it might get after any <a href="https://interviewquestions.tuteehub.com/tag/action-2544" style="font-weight:bold;" target="_blank" title="Click to know more about ACTION">ACTION</a> is taken by it, there is ncertain nature and position of deamand curve under this market form. Any change in price by one firm <a href="https://interviewquestions.tuteehub.com/tag/may-557248" style="font-weight:bold;" target="_blank" title="Click to know more about MAY">MAY</a> or may not lead to change in prices by the rival firms. Therefore the demand curve is not definite.</body></html>


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