Is an oligopoly a price searcher?
Is an oligopoly a price searcher? Oligopolies are price setters rather than price takers. Oligopolistic firms are price searchers. They can raise the price of their good and still sell some, or all, of their product. If only a few firms account for a large percentage of sales, then the market is considered oligopolistic. Are … Continue reading Is an oligopoly a price searcher?
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