candycaneshake1679 candycaneshake1679

13-04-2022
Business

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Mutual interdependence means that each firm in an oligopoly.

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nprocks958 nprocks958

13-04-2022

Answer:

Interdependence means each firm bases it's decisions off the decisions of its competitors.

Explanation:

Interdependence is the concept that one firm's actions affect another firm's action. For example, if Firm A lowers their price 20 cents, Firm B will follow that price, lowering their's 20 cents to compete.

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