How might an oligopolist increase total revenue without changing price?
A)Reduce output.
B)Reduce marketing efforts.
C)Through nonprice competition.
D)Reduce costs.

Question

Quizplus · Accepted Answer

An oligopolist can increase total revenue without changing price by engaging in nonprice competition. This can involve improving product quality, increasing advertising and promotional efforts, or developing new products or services to differentiate themselves from competitors. By doing so, the oligopolist can attract more customers and increase their market share, ultimately leading to an increase in total revenue.

How Might an Oligopolist Increase Total Revenue Without Changing Price