As the number of firms in an oligopoly market Answer decreases, the price charge

Question

As the number of firms in an oligopoly market Answer decreases, the price charged by firms likely decreases. decreases, the market approaches the competitive market outcome. increases, the market approaches the competitive market outcome. increases, the market approaches the monopoly outcome. As the number of firms in an oligopoly market As the number of firms in an oligopoly market decreases, the price charged by firms likely decreases. decreases, the market approaches the competitive market outcome. increases, the market approaches the competitive market outcome. increases, the market approaches the monopoly outcome. decreases, the price charged by firms likely decreases. decreases, the market approaches the competitive market outcome. increases, the market approaches the competitive market outcome. increases, the market approaches the monopoly outcome.

Explanation / Answer

decreases, the market approaches the competitive market outcome

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