1.

What is the reason for an indeterminate demand curve under Oligopoly?

Answer»

The main reasons for the indeterminate price and output under oligopoly may be summarised as follows: 

• Different Behaviour patterns: In oligopoly due to interdependence, a vast variety of behaviour patterns becomes possible. 

• Indeterminate Demand Curve: Another cause of indeterminateness of price and output in an oligopoly is indeterminate demand curve.



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