Each oligopolist must carefully consider each pricing, output, advertising and investment decision it makes because

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    its strategies will affect profitability of its rivals, and rivals reactions to implemented strategies will affect the firms profitability.y.
     once a course of action has been decided on it is costly to change strategy.
     if the firm becomes to profitable competition will emerge to drive prices down in the market.
     None of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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its strategies will affect profitability of its rivals, and rivals reactions to implemented strategies will affect the firms profitability.y.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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