Why is the behavior of an oligopolist so hard to predict

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Why is the behavior of an oligopolist so hard to predict? How does it differ from that of a monopolist? Why? Also, If a monopolist has little substantial competition wouldn’t logic dictate that that there would be a portion of the Marginal revenue curve (at about the equilibrium quantity in perfect competition) where demand would be infinitely inelastic? Why or why not?

Reference no: EM131097600

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