Definition of oligopolies and mutual interdependence

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Using the definition of oligopolies and mutual interdependence, explain why oligopolists are more likely than perfect competitors to engage in strategic behavior? Using recent examples, explain why oligopolists often work together to set market output levels. (I will prefer the answer within ten sentences)

Reference no: EM131291363

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Definition of oligopolies and mutual interdependence : Using the definition of oligopolies and mutual interdependence, explain why oligopolists are more likely than perfect competitors to engage in strategic behavior?
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