Although highly unlikely in the real world, in a perfectly balanced oligopoly with eightfirms, the market share of each firm is
A) 16.2 percent
B) 14.0 percent
C) 13.5 percent
D) 12.5 percent
E) 8.0 percent

Question

Quizplus · Accepted Answer

In a perfectly balanced oligopoly with eight firms, each firm would have an equal share of the market. Since 100% divided by 8 equals 12.5%, each firm would have a 12.5 percent market share.

Although Highly Unlikely in the Real World, in a Perfectly