In general, oligopolists compete
A) on price alone.
B) on many dimensions except for price.
C) on price, R&D, and marketing and advertising.
D) None of the above. There is no competition in oligopolistic industries.

Question

Quizplus · Accepted Answer

Oligopolists compete on multiple fronts including price, research and development (R&D), and marketing and advertising. This multifaceted competition allows them to differentiate their products and services, maintain market share, and attract customers in ways beyond just pricing strategies.

In General, Oligopolists Compete