Oligopolies would like to act like which of the following
A)duopoly, but self-interest often drives them closer to competition
B)competitive firms, but self-interest often drives them closer to duopoly
C)monopoly, but self-interest often drives them closer to duopoly
D)monopoly, but self-interest often drives them closer to competition

Question

Quizplus · Accepted Answer

Oligopolies would prefer to act like a monopoly to maximize profits, but self-interest and competition among firms often drive them towards more competitive outcomes.

Oligopolies Would Like to Act Like Which of the Following