Firms in an oligopolistic market may strive for a differential advantage; however any advantage tends to net only narrow latitude for:
A) Superior customer service
B) Brand image
C) Price premium
D) Logistical excellence
E) Brand name

Question

Quizplus · Accepted Answer

In an oligopolistic market, firms have limited competition and often try to differentiate themselves from others in the market. However, any advantage gained tends to lead to only a narrow latitude for charging a higher price or creating a price premium. This is because competitors are likely to either match the higher price or find ways to differentiate themselves as well. Therefore, the most likely choice for an advantage in an oligopolistic market is a price premium.

Firms in an Oligopolistic Market May Strive for a Differential