discuss the strategic decision making in oligopoly markets.
Answer (1)
1st May, 2020
Hello Arsh,
Oligopolists have to make critical strategic decisions such as whether to compete with rivals, or collude with them, whether to raise or lower price, or keep prices as constant, whether to be the first firm to implement a new strategy or whether to wait and see what rivals do so that they can plan accordingly.
Hope it helps.
Good Luck!
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