In the case of oligopolists trying to maintain monopoly profits, the profit-maximising level of production is:
A)good for consumers and bad for the oligopolists
B)good for consumers and good for the oligopolists
C)bad for consumers and good for the oligopolists
D)bad for the consumers and bad for the oligopolists

Question

Quizplus · Accepted Answer

Oligopolists trying to maintain monopoly profits restrict output and raise prices, resulting in higher profits for themselves but higher prices for consumers, thus making it bad for consumers but good for the oligopolists.

In the Case of Oligopolists Trying to Maintain Monopoly Profits