Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: An oligopolist firm cannot decide the price it wishes to charge as well as the quantity it wishes to sell, both at the same time.
Reason R: An oligopolist firm takes into consideration the competitor's actions and counter actions because of a strong interdependence among the competitive firms
In light of the above statements, choose the most appropriate answer form the options given below
1
A is correct but R is not correct
2
A is not correct but R is correct
3
Both A and R are correct and R is the correct explanation of A
4
Both A and R are correct but R is NOT the correct explanation of A