What do firms in oligopolistic markets tend to do?
A) They have very small market shares.
B) They avoid price competition whenever possible.
C) They worry about the possibility of new firms entering their market.
D) They keep prices as low as possible.

Question

Quizplus · Accepted Answer

Firms in oligopolistic markets tend to avoid price competition to maintain stable prices and profits, as price wars can be detrimental to all firms involved.

What Do Firms in Oligopolistic Markets Tend to Do