As the number of firms in an oligopoly market grows larger,what will the price approach
A)marginal cost
B)average variable cost
C)zero
D)the monopoly price

Name: As the number of firms in an oligopoly market grows larger,what will the price approach A)marginal cost B)average variable cost C)zero D)the monopoly price
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

As the number of firms in an oligopoly increases, the market becomes more competitive, and the price tends to approach the marginal cost, similar to a perfectly competitive market.

As the Number of Firms in an Oligopoly Market Grows