The price charged by oligopolists will
a. equal the equilibrium price in a price-takers market if the oligopolists collude.
b. equal the monopoly price if the oligopolists do not collude.
c. generally fall between the monopoly and competitive market equilibrium prices.
d. be the same whether the oligopolists cooperate with one another or not; only profit is affected.
C
You might also like to view...
Henry Ford is most recognized for:
a. inventing new technology to further the steel production process. b. developing the first investment banks. c. implementing the first progressive, moving assembly-line system for large, complex final products. d. playing an integral role in developing the first American factory.
Entry barriers exist in a perfectly competitive industry
a. True b. False Indicate whether the statement is true or false