Interdependence
What Interdependence means in Economics A-Level, as defined for AQA.
Definitions of Interdependence
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Check what you remember
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Reference: AQA
The defining behavioural trait of oligopoly, where one firm's decisions directly impact rivals, shown through strategic reaction of rival firms.
A defining feature where a firm's pricing and output decisions directly affect, and are affected by, the actions of its rivals.
The relationship between firms that the kinked demand curve model should be used as an illustration of.
The situation where the actions of one firm directly affect the outcomes of other firms in the market.
Topics that use Interdependence
- Oligopoly (AQA A-Level)
Related terms
- Barriers to entry
- Cartel
- Cartels
- Collusion
- Concentration ratio
- Concentration ratios
- Cooperation
- Dynamic efficiency
Using Interdependence in the exam
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