The Theory of Oligopoly Provides Another Reason That Free-Trade Can

question 79

Multiple Choice

The theory of oligopoly provides another reason that free-trade can benefit all countries for which of the following reasons?
(i) as the number of firms within a given market increases, the price of the good falls
(ii) increased competition leads to lower deadweight losses
(iii) profit increases directly with competition for oligopoly firms

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(ii) only

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