In an oligopoly,
A) the total output produced in the market is higher than the total output that would be produced if the market were a monopoly and higher than the total output that would be produced if the market were perfectly competitive.
B) the total output produced in the market is higher than the total output that would be produced if the market were a monopoly but lower than the total output that would be produced if the market were perfectly competitive.
C) the total output produced in the market is lower than the total output that would be produced if the market were a monopoly but higher than the total output that would be produced if the market were perfectly competitive.
D) the total output produced in the market is lower than the total output that would be produced if the market were a monopoly and lower than the total output that would be produced if the market were perfectly competitive.
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