If Oligopolists Did Not Collude but Simply Operated with Excess

question 74

Multiple Choice

If oligopolists did not collude but simply operated with excess capacity,the price would be _____ and the quantity _____ with oligopoly than with perfect competition.

• A)higher; lower
• B)lower; higher
• C)lower; no different
• D)no different; lower
• E)no different; no different