The More Firms an Oligopoly Has

The more firms an oligopoly has,

A) the more market power the oligopoly has. This results in higher prices and lower quantities of output than an oligopoly with fewer firms would have.
B) the more important the price effect is, resulting in the market price being higher than when there are fewer firms in the oligopoly.
C) the farther market price will be from marginal cost.
D) the more likely the firms will charge a price closer to the perfectly competitive price.