As the number of firms in a Cournot oligopoly increases, the equilibrium quantity gets closer and closer to the monopoly quantity.

Name: As the number of firms in a Cournot oligopoly increases, the equilibrium quantity gets closer and closer to the monopoly quantity.
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Question

Quizplus · Accepted Answer

In a Cournot oligopoly, as the number of firms increases, the equilibrium quantity approaches the competitive market quantity, not the monopoly quantity.

As the Number of Firms in a Cournot Oligopoly Increases