The joint and individual interests of oligopolists are to maximize industry profit.

Name: The joint and individual interests of oligopolists are to maximize industry profit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Oligopolists have individual interests in maximizing their own profits, which can conflict with the joint interest of maximizing industry profits as a whole. They may engage in competitive practices that benefit their own company at the expense of industry-wide profitability.

The Joint and Individual Interests of Oligopolists Are to Maximize