In an oligopolistic market, firms often face a strategic decision-making process characterized by the concept of _____. This involves anticipating the actions of competitors and adjusting their own strategies accordingly. Which term best fits this description?

In an oligopolistic market, firms often face a strategic decision-making process characterized by the concept of interdependence. This means that each firm must think about how their choices will affect their competitors and how those competitors might respond. For example, if one company lowers its prices, others may feel pressured to do the same to stay competitive. This back-and-forth thinking is like a game where each player makes moves based on what they expect others to do. Understanding this interdependence helps firms make better decisions that can lead to greater success in the market.