Assertion (A): In the Oligopoly form of the market, the demand curve is indeterminate (not definite).
Reason (R): Any change in price by one firm, may result in a change in prices by the rival firms.
1
Both (A) and (R) are correct and (R) is the right explanation of (A).
2
Both (A) and (R) are correct but (R) is not the right explanation of (A)
3
Both (A) and (R) is incorrect.
4
(A) is correct but (R) is not correct.
5
Question Not Attempted