Explain 'non-price competition' feature of oligopoly.
Explain 'non-price competition' feature of oligopoly.
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In oligopoly, there are only few firms. If they compete on the basis of price, there is likely to be price war and the firm may louse. So, the firm adopts measures other than price for competing like customer care, after sale service, free gifts, etc. This is non-Price competition.
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