Home › Bihar Board Class 12 (Arts) › Economics › Forms of Market and Price Determination › Interdependent oligopolists are generally reluct…
Interdependent oligopolists are generally reluctant to:
AAdvertise
BHire workers
CMerge ever
DChange prices
Answer & Solution
Correct answer: D. Change prices
Rivals notice and respond to price changes, so a firm hesitates to raise or lower its price.
Related questions
Monopolistic competition produces what kind of products?Who published The Economics of Imperfect Competition in 1933?Oligopolists can earn abnormal profits in the long run mainly because of:In a monopoly, the firm and the industry are:Economic profit in perfect competition attracts:Normal profit is counted as part of a firm's:A monopolist whose revenue exceeds its costs earns:Many countries treat collusion among sellers as: