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Question
Identify the market structure which has indeterminate demand curve ______.
Options
perfect competition
monopolistic competition
monopoly
oligopoly
MCQ
Fill in the Blanks
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Solution
Identify the market structure which has indeterminate demand curve oligopoly.
Explanation:
An oligopolist faces an indeterminate demand curve because it cannot predict how rival firms will react to its price or output decisions. Their reactions can cause the firm’s demand curve to shift.
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