firms may collude or compete depending on their assumptions about their competitors

[Solved] In oligopoly:

Q.	In oligopoly:
A.	the largest four firms are likely to have a small market share
B.	the price is likely to equal marginal revenue
C.	firms will continue to produce in the long run if price is less than average cost
D.	firms may collude or compete depending on their assumptions about their competitors
Answer» D. firms may collude or compete depending on their assumptions about their competitors

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