contestada

homogeneous oligopoly exists where a small number of firms are ______.

A. setting price and output independently
B. producing differentiated products
C. setting price and output collusively
D. producing virtually identical products.

Respuesta :

Answer:

B

Explanation:

If the firms in an oligopolistic industry can establish an effective cartel, the resulting output and price will approximate those of a pure monopoly.

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