Which of the following is true of oligopolists?
A) Oligopolists earn comparatively higher profits than perfectly competitive firms because of economies of scale.
B) Oligopolists earn comparatively lower profits than perfectly competitive firms because of economies of scale.
C) Oligopolists produce homogeneous products.
D) Oligopolists face horizontal demand curves.
E) Oligopolists charge comparatively lower prices for their products than firms in a perfectly competitive market.
Correct Answer:
Verified
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