Question

In what sense is there oligopolistic interdependence in the basic dominant-firm model, in which there truly is just one single dominant firm? Explain your reasoning.

Short answer

The large corporation can set a price that maximizes its profit.

Step-by-step solution

Given information 

The given sentences are :

Basic dominant-firm model and one single-dominant

Explanation 

The dominant corporation In some oligopolistic markets, one large firm has a larger share of total sales, and the remaining market is supplied by a group of small firms. The large corporation can set a price that maximizes its profit.