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Game Theory and Oligopoly Profit
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Game Theory and Oligopoly Profit
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14. Oligopoly / Game Theory and Oligopoly Profit / Problem 6
Problem 6
In an oligopoly, why are firms considered interdependent?
A
Because they have no influence over market prices.
B
Because they operate in a perfectly competitive market.
C
Because they can set prices independently without considering competitors.
D
Because their output decisions depend on the actions of their competitors.
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