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All of the following describe reasons why prices tend to be stable in industries classified as oligopoly EXCEPT


firms in industries classified as oligopolies are price takers and so cannot individually change their prices.


in non-collusive oligopolies, a price decrease by one firm is generally copied by other firms in the industry.


mutual interdependence means that in a non-collusive oligopoly, raising prices generally leads to lower profits.


price leadership oligopolies change prices infrequently in order to make it easier for the firms to follow the lead firm.


reaching collusive price agreements can be complicated so firms are likely to maintain the agreed upon price for an extended period of time.

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