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प्रश्न
Why are firms in a duopoly said to be interdependent?
पर्याय
Their decisions are fixed and never change
Each firm’s decisions affect the other firm
They do not care about each other’s actions
Government fixes their prices
MCQ
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उत्तर
Each firm’s decisions affect the other firm
Explanation:
In a duopoly, each firm must think about how the rival will react to changes in price, output, or advertising.
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