The goal of a company in an oligopoly industry is to

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In an oligopoly industry, there are only a few dominant companies who have control over the market. As a result, the goal of a company in such an industry is to increase market share and profits, as these are the key measures of success. Obtaining the highest price possible may not always be feasible, as it could lead to losing customers to competitors who may offer lower prices. Similarly, blindly following rivals if they raise the price may not always be the best strategy as it could lead to a price war and eventually lower profits for all companies involved. Therefore, the best choice for a company in an oligopoly industry is to focus on increasing market share and profits.

The Goal of a Company in an Oligopoly Industry Is