There is a high degree of interdependence among firms in the oligopoly form of market.

True

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False

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Solution

The correct option is A True
True.
There is only a small number of big firms in the oligopoly market leading to high degree of interdependence.

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Similar questions

Why are the firms said to be interdependent in an oligopoly market? Explain.

Explain "perfect knowledge about the markets" feature of perfect competition.

Why are the firms said to be interdependent in an oligopoly market? Explain.

Explain the implications of the following:

(i) Freedom of entry and exit to firms under perfect competition.

(ii) Interdependence between firms under oligopoly.

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