The goods or services that firms in an oligopoly sell: are never standardized. are similar enough to cause competition. are different enough to allow profits to be earned.

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The goods or services that firms in an oligopoly sell are similar enough to cause competition, but they can also be differentiated in various ways, allowing firms to earn profits. This means that while there is competition due to the similarity of the goods or services, differentiation strategies can also allow for profit. However, the statement that goods or services are "never standardized" is not accurate, as standardization can occur in oligopolies depending on the industry.

The Goods or Services That Firms in an Oligopoly Sell