Oligopoly firms aim to maximise profits. How will this influence the pricing behaviour of oligopoly firms operating in a non-collusive market?
- AA price is fixed for the product that never changes throughout its life cycle.
- BFirms will agree on the level of advertising costs for a new product.
- CIf one firm raises its price, other firms will maintain their original price to increase their market share.
- DIf one firm lowers its price, other firms will increase their price.