Question #48781

When a oligopolist individually chooses its level of production to maximize its profits it charges a price that is ?


Options:

Answer: When a oligopolist individually chooses its level of production to maximize its profits it charges a price that is less than the price charged by a monopoly and more than the price charged by a competitive market.

Test Your Knowledge

Want to practice more questions like this? Take a quiz in this category!

Take a Quiz

Share This Question