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Which form of market structure is characterised by interdependence in decision-making as between the different competing firms? |
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Answer» Oligopoly Oligopoly FORM of market structure is characterised by interdependence in decision-making as between the different competing firms. An oligopoly is a market form WHEREIN a market or industry is dominated by a small number of large sellers (oligopolists). Oligopolies can result from various forms of COLLUSION which reduce competition and lead to HIGHER prices for CONSUMERS. Oligopolies have their own market structure. |
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