If oligopolists engage in collusion and successfully from a cartel, the market outcome is ?

Oligopoly 13/12/2021

A. the same as if it were served by competitive firms.
B. efficient because cooperation improves efficiency
C. the same as if it were served by a monopoly.
D. known as a Nash equilibrium

Related Mcqs:

    In cartels ?
    A. Each individual firm profit maximizes B. There may be an incentive to cheat C. The industry as a whole is loss making D. There is no need to police agreements...
    The market for hand tools (such as hammers and screwdrivers) is dominated by Draper Stanley, and Craftsman This market is best described as ?
    A. monopolistically competitive B. a monopoly C. an oligopoly D. competitive...
    A model of Game theory of oligopoly is known as the ?
    A. Prisoner’s Dilemma B. Monopoly Cell C. Jailhouses Sentences D. Jury Box...
    In a cartel ?
    A. Firms compete against each other B. Price wars are common C. Firms use price to win market share from competitors D. Firms collude...
    A market structure in which many firms sell products that are similar but not identical is known as ?
    A. monopolistic competition B. monopoly C. perfect competition D. oligopoly...

Leave a Reply

Your email address will not be published. Required fields are marked *