As the Number of Firms in an Oligopoly Increases, the Price

question 468

Multiple Choice

As the number of firms in an oligopoly increases, the price approaches

• A)zero.
• B)marginal cost.
• C)infinity.
• D)the monopoly price.

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Definitions:

Operating Cycle

The duration of time from the purchase of raw materials to the collection of receivables resulting from sales.