Because an oligopoly includes a small number of firms, there is the possibility of _________ rather than ________, which can________ _ profits for each of the firms.

Question

Quizplus · Accepted Answer

In an oligopoly, firms have the ability to cooperate and collude with each other rather than compete, which can lead to increased profits for each individual firm. Therefore, choice D is the correct answer.

Because an Oligopoly Includes a Small Number of Firms, There