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List two ways in which oligopoly firms may behave |
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Oligopoly firms <a href="https://interviewquestions.tuteehub.com/tag/may-557248" style="font-weight:bold;" target="_blank" title="Click to know more about MAY">MAY</a>, (i) <a href="https://interviewquestions.tuteehub.com/tag/cooperate-2017614" style="font-weight:bold;" target="_blank" title="Click to know more about COOPERATE">COOPERATE</a> with each other in determing price or <a href="https://interviewquestions.tuteehub.com/tag/output-1142821" style="font-weight:bold;" target="_blank" title="Click to know more about OUTPUT">OUTPUT</a> or both, (ii) Compete with each other, i.e. non-coperate oligopoly firms.</body></html> | |