Mutual interdependence means thatA) a firm's behavior is affected by other firms' actions.B) a firm's profits are affected by other firms' entry or exit.C) a firm's costs are affected by other firms' costs.D) a firm's revenues are affected by other firms' demand for its product.

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Cutie Mochi · Accepted Answer

Final Answer : A, Explanation :  Mutual interdependence refers to the situation where a firm's behavior, such as pricing or output decisions, is influenced by the actions of other firms, which is characteristic of oligopolistic markets.

Mutual interdependence means that

A) a firm's behavior is affected by other firms' actions.
B) a firm's profits are affected by other firms' entry or exit.
C) a firm's costs are affected by other firms' costs.
D) a firm's revenues are affected by other firms' demand for its product.

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