The goal of a company in an oligopoly industry is to

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In an oligopoly industry, there are few dominant firms with significant market power, which means that each firm's actions can affect the others. The primary goal of a company in an oligopoly industry is to increase its market share and profits by adopting different pricing and non-pricing strategies while considering the reaction of rivals. Thus, option A is the best choice. Obtaining the highest price possible may not necessarily help the company gain a larger market share, and always following rivals if they raise prices may lead to price wars that hurt all the firms in the industry. While being a market leader in innovation may be effective in gaining market share, it is not the only goal of firms in an oligopoly industry.

The Goal of a Company in an Oligopoly Industry Is