In general, the quantity of output in an oligopoly market is:
A. lower than in perfect competition.
B. higher than in perfect competition.
C. the same as in perfect competition.
D. The answer depends on the shape of the average cost curve.
Answer:A
In general, the quantity of output in an oligopoly market is:
A. lower than in perfect competition. B. higher than in perfect competition. C. the same as in perfect competition. D. The answer depends on the shape of the average cost curve.