Because There Are Only A Few Firms In Markets With Oligopolistic Competition,

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Because There Are Only A Few Firms In Markets With Oligopolistic Competition,

A. everyone is a price taker. B. producers do not have to consider the reactions of rival firms. C. government often encourages consolidation to reduce the number of competitors. D. price wars may occur. E. the many competitors will focus on product differentiation. In markets with a small number of firms, price wars may occur when two firms compete primarily based on price.
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D. In markets with a small number of firms, price wars may occur when two firms compete primarily based on price.
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