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From course:

Economics A Level (DONEEEEEEE)

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Question:

What, in a Oligopolistic Market, is Competitive Behaviour? -When is it most Likely to happen?

Author: eric_galvao



Answer:

-This can be a Long Term Strat where the Firm does not Cooperate but Compete - especially on Price -Can be more Likely if One Firm has Lower Costs than all the other Firms -Or if there are quite a few Big Firms making it hard to Cooperate -Or if the Products made are Similar -Or if the Barrier to Entry is quite Low


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