For an Oligopolistic Firm,which of the Following Can Be Identified

question 74

Multiple Choice

For an oligopolistic firm,which of the following can be identified as a strategy?

• A)Produce 10,000 units regardless of what the rivals do.
• B)Advertise if the rival advertises,do not advertise if the rival does not advertise.
• C)Raise the price if the rival raises the price,keep the current price if the rival lowers its price.
• D)All of above.

---

Definitions:

Independent Firms

Businesses that operate on their own, without affiliations to larger corporate structures or networks.

Buyers and Sellers

Parties involved in the exchange of goods and services, where buyers provide compensation and sellers provide the goods or services.

Manufacturers' Agents

Independent sales agents who work on behalf of manufacturers to sell their products to wholesalers and retailers.

Noncompetitive

Refers to a situation or environment where there is little to no competition between businesses or individuals.