Experimental evidence indicates that:
A)the Cournot model best explains oligopolists' behaviour.
B)the Bertrand model best explains oligopolists' behaviour.
C)there is no one best explanation of oligopolists' behaviour.
D)the Collusion model best explains oligopolists' behaviour.

Question

Quizplus · Accepted Answer

Experimental evidence has shown that different oligopoly models may be more appropriate in different markets and situations, and there is no one model that universally explains oligopolists' behavior.

Experimental Evidence Indicates That