The theory of oligopoly provides a reason why
A)perfect competition is not a useful object of study.
B)price is less than marginal cost for many firms.
C)all countries can benefit from free trade among nations.
D)firms do not want to capture larger shares of their markets.

Question

Quizplus · Accepted Answer

The theory of oligopoly suggests that firms in an oligopolistic market are interdependent and may benefit from cooperation, such as through free trade, which can lead to mutual gains for all countries involved.

The Theory of Oligopoly Provides a Reason Why