Explain why an oligopolist (with few competitors) pays more attention to what its competitors are doing than

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Explain why an oligopolist (with few competitors) pays more attention to what its competitors are doing than a producer in a competitive market (with many competitors) does?

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:22 AM

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Explain why an oligopolist (with few competitors) pays more attention to what its competitors are doing than

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Even though a firm in an oligopoly has fewer competitors than a firm in a perfect competit...View the full answer

Microeconomics

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