Explain the importance of mergers in oligopolistic markets

Reference no: EM13202516

Oligopolists are interdependent firms.

(a) What is mean by that? Explain "strategic behavior" and relate that to the "Kinked Demand" model of oligopoly.

(b) Explain the importance of mergers in oligopolistic markets. Is there much price competition in an oligopolistic market? Why or why not?

Reference no: EM13202516

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