Because Each Oligopolist Cares About Its Own Profit Rather Than

question 39

Multiple Choice

Because each oligopolist cares about its own profit rather than the collective profit of all the oligopolists together,

• A) they are unable to maintain the same degree of monopoly power achieved by a monopolist.
• B) each firm's profit always ends up being zero.
• C) competitive pressures are absent from the market.
• D) it will be easier to maintain collusive agreements.

---

Definitions:

Recover Damages

The process of obtaining financial compensation through legal means for harm or injury suffered.

Fraudulent Misrepresentation

A false statement of material fact made with knowledge of its falsity or reckless indifference, intending to induce another's reliance, resulting in damage.

Plaintiff

The party who initiates a lawsuit by filing a complaint with the court alleging wrongdoing by another party, known as the defendant.

Damages

Monetary compensation awarded to a party in a legal proceeding for loss or injury.