About the equilibrum quantity in perfect competition

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Why is the behavior of an oligopolist so hard to predict? how does it differ from that of monopolist? why? also, if a monopolist has little substantial competition wouldn't logic dictate that there would be a portion of the maginal revenue curve ( at about the equilibrum quantity in perfect competition) where demand would infinitely inelastic? why or why not?

Reference no: EM131244730

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