When products in an oligopoly are different, it is possible to have _____________ price variability.
A) Unchanging
B) Sinking
C) Lower
D) Greater
E) Zero

Question

Quizplus · Accepted Answer

When products in an oligopoly are different, there is greater price variability as each producer tries to differentiate its product and capture a larger market share. This can result in frequent price changes, discounts, and promotions to attract and retain customers.

When Products in an Oligopoly Are Different, It Is Possible