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Why is mutual interdependence important under oligopoly, but not so important under perfect competition, monopoly, or monopolistic competition?

2007-03-26 11:04:44 · 3 answers · asked by non eco 1 in Social Science Economics

3 answers

Mutual interdependence is important because in an oligopoly thee is a separate but equal sort of accomodation.

2007-03-26 17:13:48 · answer #1 · answered by Santa Barbara 7 · 0 0

A monopoly has only 1 firm, so there is no opportunity for interdependence. Perfect and monopolistic competition have so many firms that no one firm can influence the others.

2014-07-28 14:37:54 · answer #2 · answered by David 1 · 0 0

Because oligopolies have high barriers to entry, but are still somewhat competitive market structures.

It is in the best interest of all agents to keep new companies out.

2007-03-29 12:19:46 · answer #3 · answered by Anonymous · 0 0

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