What does 'mutual interdependence' refer to?

Question

BlackTom AI · Accepted Answer

To unpack the question, we need to identify what 'mutual interdependence' means in an economic or strategic context.
Option a: 'A condition in which two firms will collude in order to shut down a third competitor firm.' This describes collusion or possibly anti-competitive behavior against a rival, but it does not capture the essence of mutual interdependence, which is about how firms’ actions affect each other, not about collusion to target another firm.
Option b: 'A condition in which the actions of one firm will have an effect on other firm/s.' This is the core idea of interdependence: each firm’s decisions (pricing, output, strategies) influence the outcomes of other firms, creating a dependency among them. The term 'mutual' emphasizes that the effect works in both directions and across the set of firms.
Option c: 'A condition in which one firm will copy another firm's behaviour.' This describes imitation or learning/warding off competition through mimicry, but it does not express the broader network of how multiple firms’ actions feed back to each other in a market.
Option d: 'A condition in which three firms have 99% of the market share in an oligopoly market.' This depicts market concentration and an oligopoly scenario, yet it does not define the idea of interdependent actions among firms; it’s a descriptive market structure attribute, not a statement about interfirm influence.
In summary, option b accurately characterizes mutual interdependence as the situation where each firm’s choices impact the others, creating a web of interrelated strategic considerations. The other options illustrate related concepts (collusion against a third party, imitation, or market concentration) but do not capture the fundamental notion of mutual, reciprocal influence among firms.

What does 'mutual interdependence' refer to?

查看解析

登录即可查看完整答案

类似问题

Which of the following best represents the most distinctive characteristic of an oligopoly?

Question at position 30 The television industry in the United States is controlled by a limited number of giant corporations, making the industry a(n) ______. agglomerationfree marketmonopolisticoligopolistic

Refer to the table of information about Go-Fast and Interweb again. What will be the likely outcome if the two firms act in a rivalrous (competitive) manner?

What does 'mutual interdependence' refer to?

Refer to the table of information about Go-Fast and Interweb again. What will be the likely outcome if the two firms act in a rivalrous (competitive) manner?

Which market structure is game theory most applicable to?

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单