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Title: Interdependence implies that each firm in an industry Post by: johnnyappleseed on Oct 1, 2023 Interdependence implies that each firm in an industry ▸ is independent of one another and are essentially price takers. ▸ is aware that its actions influence the others and that the actions of the other firms affect it. ▸ is so large and powerful that they do not need to consider how their actions will affect their rivals. ▸ must depend on the other firms to maintain consumers' interest in their "mutual" product. Title: Re: Interdependence implies that each firm in an industry Post by: bolusmachine on Oct 1, 2023 Content hidden
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