The correct answer is: (a) Group Behaviour Explanation: Oligopoly is a market structure where a few firms dominate the industry. The decisions of one firm affect and are affected by the decisions of others. So, analyzing oligopoly requires understanding group behavior, not just individual actions.

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Asked by Rachana12 May 2025858 views

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Rachana · 12 May 2025
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Harshita · 12 May 2025
The correct answer is: (a) Group Behaviour Explanation: Oligopoly is a market structure where a few firms dominate the industry. The decisions of one firm affect and are affected by the decisions of others. So, analyzing oligopoly requires understanding group behavior, not just individual actions.

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