An oligopolist cannot take the market price or its demand curve as given because

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    increasing or decreasing the quantity produced leads to shifts in market demand for the good or service.
     each oligopolist should set its price independent of the market price since it will only be capturing a portion of market demand.
     the behavior of its competitors can lead to shifts in demand for its good or service.
     it is very difficult to estimate market demand.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the behavior of its competitors can lead to shifts in demand for its good or service.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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