When an oligopolist decreases production,it is likely that the output effect is less than the price effect.

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An oligopolist is a market structure where a few firms dominate the market. In such a market, the actions of one firm can have a significant impact on the others. When an oligopolist decreases production, it is likely that the price effect will be greater than the output effect. This is because the reduction in supply will cause a shortage in the market, leading to an increase in price. The price increase will benefit all the firms in the market, including the one that reduced its output. Therefore, in the short run, the price effect will be larger than the output effect. However, in the long run, the output effect may become significant, as the other firms may increase their production to take advantage of the higher prices.

When an Oligopolist Decreases Production,it Is Likely That the Output