Oligopolists Have More Control Over Prices Than Monopolistic Competitors Because

question 67

Multiple Choice

Oligopolists have more control over prices than monopolistic competitors because

• A)they can legally collude whereas monopolistic competitors may not.
• B)their prices are always set by the government.
• C)with fewer competitors,they are able to monitor and determine their own prices much easier.
• D)since an oligopolist is the only competitor in the market,setting prices is no problem.

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