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Interdependence Implies That Each Firm in an Industry

Question 159

Multiple Choice

Interdependence implies that each firm in an industry


A) is independent of one another and are essentially price takers.
B) is aware that its actions influence the others and that the actions of the other firms affect it.
C) is so large and powerful that they do not need to consider how their actions will affect their rivals.
D) must depend on the other firms to maintain consumers' interest in their "mutual" product.

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