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