Saved Bookmarks
| 1. |
Explain the implication of non-price competition under oligopoly. |
| Answer» Solution :Non- PRICE COMPETITION means competition between firms by means other than CHANGING price, LIKE free gift, home service, customer care etc. The firms in oligopoly do so to avoidprice-war because the frim who starts the price-war may be the ULTIMATE looser. | |