As the number of firms in an oligopoly increases,the magnitude of the price effect rises.

Name: As the number of firms in an oligopoly increases,the magnitude of the price effect rises.
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As the number of firms in an oligopoly increases, the market becomes more competitive and the magnitude of the price effect decreases. This is because each firm has less market power and must take into account the actions and reactions of its competitors in setting prices.

As the Number of Firms in an Oligopoly Increases,the Magnitude