In competing with rivals, oligopolistic firms will tend to use
A) price cuts because they do not add to costs like advertising.
B) advertising because it is less easily duplicated than price cuts.
C) collusion because it is a legal way to increase market share.
D) price wars because they will increase the profits of firms.
Correct Answer:
Verified
Q186: The Organization of Petroleum Exporting Countries (OPEC)
Q187: Collusive control over price may permit oligopolists
Q188: If oligopolistic firms facing similar cost and
Q189: Informal collusion to restrict output and increase
Q190: Collusion among oligopolistic firms
A) is common in
Q192: Limit pricing by a price leader in
Q193: Which of the following is not true
Q194: If a particular bank regularly announces changes
Q195: A major reason that firms form a
Q196: The incentive to cheat within a cartel
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents