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प्रश्न
Identify the market form which has indeterminate demand curve:
विकल्प
Perfect competition
Monopoly
Oligopoly
Monopolistic competition
MCQ
उत्तर
Oligopoly
Explanation:
In an oligopolistic market, no signal firm can accurately estimate its future sales. This is because every change in a competitor's price/output decision would trigger a cascade of actions, reactions, and counter-actions on the part of others. As a result, under this type of market, the nature and location of the demand curve for a firm are unknown.
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