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Fill in the blanks to make the following statements correct a. Economists say that oligopolistic flime exhibit behaviour. The
b. An oligopolistic firm maximizes profit by equating and
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Answer #1

1.)Economist says that olligopostic firms exhibit strategic behaviour. These firms are aware of and take accounts of the decision of rival. Oligopolies may adopt a highly competitive strategy, in which case they can generate similar benefits to more competitive market structures, such as lower prices.

2.) Olligopostic firms maximise profit by equating marginal revenue and marginal cost.

This case is same as that of monopoly.

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