The Possible Alternatives for an Oligopoly Range from the Monopoly

question 1

Multiple Choice

The possible alternatives for an oligopoly range from the monopoly case with ________ to the perfectly competitive case with ________.

• A) high output; low output
• B) low prices; high prices
• C) low profits; high profits
• D) low output; high output
• E) no cooperation among the firms; much cooperation among the firms