Like monopolists, oligopolists are aware that an increase in the quantity of output always
A)reduces the price of their product.
B)reduces their profit.
C)reduces their revenue.
D)reduces productivity.

Question

Quizplus · Accepted Answer

Oligopolists have market power and can affect the price of their product through changes in quantity. As they increase the quantity of output, the price of their product will typically decrease due to greater supply in the market.

Like Monopolists, Oligopolists Are Aware That an Increase in the Quantity