To the extent that oligopolies differentiate their products,
A) there is overproduction from society's point of view.
B) they force themselves into deadlocks that waste resources.
C) there is the promise of new and exciting products.
D) they are also likely to price at marginal cost.

Question

Quizplus · Accepted Answer

Differentiation in oligopolies can lead to innovation and the development of new and exciting products as companies strive to stand out and attract consumers. This is a strategy to gain a competitive edge rather than focusing on price competition, which can lead to a race to the bottom in terms of pricing and profits.

To the Extent That Oligopolies Differentiate Their Products