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Sometimes, a firm considers the action and reaction of its rival firms while determining its price and output levels. Which market form does such firm belong to? - Economics

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Question

Sometimes, a firm considers the action and reaction of its rival firms while determining its price and output levels.

Which market form does such firm belong to?

Options

  • Perfect Competition

  • Monopoly

  • Monopolistic competition

  • Oligopoly

MCQ
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Solution

Oligopoly

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