Under oligopoly,firms produce:

Question

Quizplus · Accepted Answer

Under oligopoly, firms can produce either a homogeneous product or a differentiated product, depending on the market conditions and the strategies of the firms. In some industries, firms may produce identical products (homogeneous) such as steel or gasoline, while in other industries, firms may differentiate their products through branding, packaging, features, or quality (differentiated). Therefore, option C is the best choice as it covers both possibilities.

Under Oligopoly,firms Produce