In which case do firms have some control over their price?
A)monopolistic competition and perfect competition
B)oligopoly but not perfect competition
C)perfect competition but not monopoly
D)neither monopolistic competition nor oligopoly

Question

Quizplus · Accepted Answer

In an oligopoly, firms have some control over their prices due to limited competition, whereas in perfect competition, firms are price takers with no control over prices.

In Which Case Do Firms Have Some Control Over Their