Page 2 - Lession Note - Main Mkt Forms-76
P. 2
feature of oligopoly is the “interdependence in decision making” of the rival firms.
The consequence of such interdependence is the high degree of uncertainty
regarding the reaction pattern of rival oligopolists. Interdependence and
uncertainly result in “indeterminateness of the demand curve” facing an
oligopolist.
*******************************************
