CBSE Class 12-commerce Answered
Under oligopoly, the firm’s demand curve is indeterminate.
Justify.
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
Expert Answer
As there is high degree of interdependence between the firms, the firms demand curve is indeterminate under oligopoly. Price and output policy of one firm has significant impact on the rival firm’s price and output policy in the market. It is hard to estimate change in firm’s sales caused by a change in price. Clear relationship between price and sales cannot be established in the market.
Answered by | 26 Apr, 2016, 09:51: AM
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 26 Apr, 2016, 07:51: AM
ANSWERED BY EXPERT