Whether an oligopoly consists of 3 firms or 10 firms, the level of output likely will be the same.

Name: Whether an oligopoly consists of 3 firms or 10 firms, the level of output likely will be the same.
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In an oligopoly, the number of firms significantly affects market behavior and outcomes, including the level of output. With more firms, competition tends to increase, potentially leading to higher output levels compared to an oligopoly with fewer firms.

Whether an Oligopoly Consists of 3 Firms or 10 Firms