In an oligopoly game,each player tries to:
A) maximize its own profits.
B) minimize the market shares of its opponents.
C) minimize the profits of its opponents.
D) maximize its own market share.

Question

Quizplus · Accepted Answer

In an oligopoly game, each player is motivated to maximize their own profits in order to stay competitive within the market. This is why price competition is common in oligopolies as each player tries to gain a larger market share and increase profits. Therefore, choice A is the best option.

In an Oligopoly Game,each Player Tries To