Asked by Shana Llewellyn on Jul 03, 2024
Verified
Prices in oligopolistic industries are predicted to fluctuate widely and frequently compared to other market structures.
Fluctuate Widely
To vary or change significantly over time, often used in the context of prices, rates, or values.
- Comprehend the essence and outcomes of oligopolies, including their mutual dependencies.
- Describe how firm actions and market results vary between collusive and competitive oligopolies.
Verified Answer
TM
Trixie MendezJul 08, 2024
Final Answer :
False
Explanation :
In oligopolistic industries, firms tend to keep prices relatively stable to avoid price wars, leading to more predictable and less frequent price changes compared to more competitive market structures.
Learning Objectives
- Comprehend the essence and outcomes of oligopolies, including their mutual dependencies.
- Describe how firm actions and market results vary between collusive and competitive oligopolies.