Which statement about oligopoly is false?
A) Oligopolistic firms recognize their interdependence.
B) Prices in oligopoly are predicted to fluctuate widely and frequently.
C) A few firms play an important role in the sale of an identical or differentiated product.
D) There is no single predicted pattern of action and reaction for oligopolists because one firm's behavior is a function of what its rivals do.

Question

Quizplus · Accepted Answer

Prices in oligopoly are actually predicted to be relatively stable and unchanging due to the mutual interdependence of the firms involved.

Which Statement About Oligopoly Is False