Which of the following is a profit-maximizing condition for a Cournot oligopolist? A) MR = MC. B) Q₁ = Q₂ = ... = Q_n. C) P = MR. D) All of the statements associated with this question are correct.

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In a Cournot oligopoly, each firm assumes that their competitors will not change their output levels. Therefore, in order to maximize profit, each firm sets its output level where its marginal revenue (MR) equals its marginal cost (MC). This is the profit-maximizing condition for a Cournot oligopolist.

Which of the Following Is a Profit-Maximizing Condition for a Cournot