An oligopoly will maximize profits where price equals marginal cost,just like a perfectly competitive firm.

Name: An oligopoly will maximize profits where price equals marginal cost,just like a perfectly competitive firm.
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An oligopoly will not maximize profits where price equals marginal cost. In fact, an oligopoly firm will usually set a price above marginal cost in order to earn higher profits through market power and limited competition.

An Oligopoly Will Maximize Profits Where Price Equals Marginal Cost,just