When an oligopoly grows very large,the
A)output effect disappears.
B)price effect disappears.
C)output effect offsets the price effect.
D)price of the product greatly exceeds marginal cost.

Name: When an oligopoly grows very large,the A)output effect disappears. B)price effect disappears. C)output effect offsets the price effect. D)price of the product greatly exceeds marginal cost.
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Question

Quizplus · Accepted Answer

In a large oligopoly, firms have less influence over market prices, making the price effect less significant.

When an Oligopoly Grows Very Large,the