The way that oligopolistic firms influence their profits and the profits of their rivals is by changing their pricing strategies.
In oligopolistic markets, there are a few suppliers which means that when either of them changes prices, it can affect the market share of their competitors.
In order to change profits, oligopolistic firms will therefore lower their prices which leads to them selling more and making more profit. This would also lead other firms to reduce prices which would lead to every firm in the market making losses.
Find out more on oligopolistic firms at https://brainly.com/question/3005866
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