As a Group, Oligopolists Would Always Earn the Highest Profit

question 57

Multiple Choice

As a group, oligopolists would always earn the highest profit if they would

• A) produce the competitive quantity of output.
• B) produce more than the competitive quantity of output.
• C) charge the same price that a monopolist would charge if the market were a monopoly.
• D) operate according to their own individual self-interests.