As a group, oligopolists would always be better off if they would act collectively
A)as if they were each seeking to maximize their own individual profits.
B)in a manner that would prohibit collusive agreements.
C)as a single monopolist.
D)as a single perfectly competitive firm.

Question

Quizplus · Accepted Answer

If oligopolists act collectively as a single monopolist, they can effectively limit competition and control the market, leading to higher profits for all. This is why many oligopolies engage in some form of collusion to achieve this outcome. However, collusion is illegal and carries heavy penalties, so it’s risky for firms to pursue this strategy.

As a Group, Oligopolists Would Always Be Better Off If