In the highly competitive setting in which oligopoly firms operate, which of the

ID: 1193707 • Letter: I

Question

In the highly competitive setting in which oligopoly firms operate, which of the following are considered to be typical temptations each may face?

A)to cooperate to generate and then divide up monopoly-like profits

B.to cooperate to mutually decide what price to charge

to cooperate to make decisions about what quantity to produce

to cooperate to act as a single monopoly and all of the above

A)to cooperate to generate and then divide up monopoly-like profits

B.to cooperate to mutually decide what price to charge

to cooperate to make decisions about what quantity to produce

to cooperate to act as a single monopoly and all of the above

Explanation / Answer

We know that monopoly firms are able to generate maximum profits, so even in a oligopoly, firms can do so by colluding. They do so by deciding the quatity and price and dividing profits i.e. acting as a monopoly so option D is correct.

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In the highly competitive setting in which oligopoly firms operate, which of the

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