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in Class 12 by kratos

Discuss the primary reason for ‘indeterminateness of demand curve’ under the oligopoly form of market.

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+1 vote
by kratos
 
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Indeterminateness of Demand Curve: In an Oligopoly form of market no single firm can predict its prospective sales with perfection. This is because any given change in the price/output decision by a rival firm would initiate a series of actions, reactions and counter actions by others. Therefore there is no certain nature and position of demand curve under this form of market for a firm.

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