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Strategic Decision-Making

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Price rigidity: In an oligopoly, price competition is also avoided because decreasing prices can unleash a price war that decreases all firms' profits. They tend to keep the prices stable while using non-price competition, including advertising or innovation in a product, to attract buyers. Collusion: Sometimes, in oligopolistic markets, firms collude to set a price or divide the mar... https://finxl.in/financial-analyst-certification-with-placement-guarantee.html

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