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Author Question: Firms in an oligopoly are said to be interdependent. What does this mean? What will be an ideal ... (Read 80 times)

imowrer

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on: Jun 29, 2018
Firms in an oligopoly are said to be interdependent. What does this mean?
 
  What will be an ideal response?

Question 2

Which of the following costs will not change as output changes?
 
  A) total variable cost
  B) total fixed cost
  C) average variable cost
  D) average fixed cost
  E) marginal cost
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Ksh22

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Interdependence among firms means that the decisions and business strategies of each firm have a significant impact on the decisions, strategies, and profits of the other firms in the oligopoly industry.

Answer to Question 2

B


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