Interdependence between firms
{"Image DocumentName": "Interdependence between firms", "Image ImageDescription": "In oligopoly, the industry is made up of only a few firms. Each of these firms makes up a significant part of the total market. Each can exercise some market power (eg. their output decisions influence the market price). Therefore, each firm\u2019s decisions influence the decisions made by the other firms. In other words, firms\u2019 decisions are interdependent.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}