If an oligopolist is going to change its price or output,its initial concern is
A)The response of its competitors.
B)A change in its cost structure.
C)The concentration ratio.
D)The response of the Federal Trade Commission.

Question

Quizplus · Accepted Answer

An oligopolist will primarily consider the response of its competitors before making any price or output changes since their actions will directly impact the firm's profits and market share. The other factors mentioned may also be relevant but are secondary concerns.

If an Oligopolist Is Going to Change Its Price or Output,its