Why do oligopolists need to behave strategically, Microeconomics

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Why do oligopolists need to behave strategically

Problem

Firms in perfectly competitive markets do not need to behave strategically. Why not? Why do oligopolists need to behave strategically? Does a monopolist need to behave strategically?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why do oligopolists need to behave strategically

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Microeconomics: Why do oligopolists need to behave strategically

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