Oligopolies can end up looking like competitive firms if the number of firms is large and they do not cooperate.

Name: Oligopolies can end up looking like competitive firms if the number of firms is large and they do not cooperate.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

In large oligopolies where there are many firms and they do not cooperate, they may end up behaving like competitive firms because no single firm has enough market power to affect the market price.

Oligopolies Can End Up Looking Like Competitive Firms If the Number