-In an oligopoly price-fixing game, each player tries to
A) minimize the market shares of its opponents.
B) maximize its own market share.
C) minimize the profits of its opponents.
D) maximize its own profit.

Question

-In an oligopoly price-fixing game, each player tries to
A) minimize the market shares of its opponents. 
B) maximize its own market share. 
C) minimize the profits of its opponents. 
D) maximize its own profit.

Quizplus · Accepted Answer

In an oligopoly, firms are interdependent and often engage in strategic behavior to maximize their own profits, which may involve price-fixing agreements.

-In an Oligopoly Price-Fixing Game, Each Player Tries to