As the number of firms in a Cournot oligopoly________ , the equilibrium quantity gets closer to the ________equilibrium quantity.

Question

Quizplus · Accepted Answer

In a Cournot oligopoly, as the number of firms increases, competition among them also increases, leading the market closer to a perfectly competitive equilibrium, where quantity supplied is higher and prices are lower compared to a market with fewer firms.

As the Number of Firms in a Cournot Oligopoly________