Mutual interdependence would tend to limit control over price in which market model?
A)monopolistic competition
B)pure competition
C)pure monopoly
D)oligopoly

Question

Quizplus · Accepted Answer

Mutual interdependence, where the actions of one firm significantly impact the others, is a characteristic of oligopoly markets. In such markets, a few firms dominate, and each must consider the potential reactions of its rivals when setting prices, limiting their control over price.

Mutual Interdependence Would Tend to Limit Control Over Price in Which