How might an oligopolist increase total revenue without changing price?

Question

Quizplus · Accepted Answer

An oligopolist can increase total revenue without changing price by engaging in nonprice competition, such as improving product quality, offering better customer service, or increasing advertising and promotional activities. By doing so, they can attract more customers and potentially increase demand for their product, leading to higher total revenue. Reducing output or marketing efforts may actually decrease total revenue.

How Might an Oligopolist Increase Total Revenue Without Changing Price