As the Number of Firms in an Oligopoly Increases

question 475

Multiple Choice

As the number of firms in an oligopoly increases,

• A)each seller becomes more concerned about its impact on the market price.
• B)the output effect decreases.
• C)the total quantity of output produced by firms in the market gets closer to the socially efficient quantity.
• D)the oligopoly has more market power and firms earn a greater profit.

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