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Because Each Oligopolist Cares About Its Own Profit Rather Than

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Because each oligopolist cares about its own profit rather than the collective profit of all the oligopolists together,


Definitions:

Survey Feedback

A method used in organizational development where feedback from a survey is used to guide changes and improvements.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Significance Change

Transformations that have a profound impact on the structure, functioning, or wellbeing of a system.

Employee Satisfaction

A measure of how content and fulfilled employees are with their jobs, environment, and organization's policies.

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