Oligopolistic firms that practice sales revenue maximization will produce
A)more and charge less than a profit maximizer.
B)less and charge more than a profit maximizer.
C)more and charge more than a profit maximizer.
D)less and charge less than a profit maximizer.

Question

Quizplus · Accepted Answer

Oligopolistic firms that aim to maximize sales revenue will produce more output and charge a lower price compared to firms that aim to maximize profit, as they prioritize increasing sales volume over profit margins.

Oligopolistic Firms That Practice Sales Revenue Maximization Will Produce