As a group, oligopolists would always be better off if they would act collectively:
A)as a single monopolist
B)as a single competitor
C)as if they were each seeking to maximise their own profit
D)in a manner that would prohibit collusive agreements

Question

Quizplus · Accepted Answer

Oligopolists acting collectively as a single monopolist can maximize total profits for the group by reducing output and increasing prices, compared to competing individually or prohibiting collusive agreements. This collective action resembles a monopoly's profit-maximizing strategy.

As a Group, Oligopolists Would Always Be Better Off If