In an Oligopolistic Market, If Rival Sellers Act Independently, Each

question 136

Multiple Choice

In an oligopolistic market, if rival sellers act independently, each will have a strong incentive to

• A) reduce price in order to increase sales and gain a larger share of the total market.
• B) increase price in order to get a larger share of the market and make larger profits.
• C) restrict output and raise price in order to achieve higher profits.
• D) maintain agreements to lower price and decrease product quality in order to earn higher profits.

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