Which of the following choices is an advantage of an oligopoly? agreeing to set prices high limiting choices within the market inventing new things to offer more choices slowing innovation by excluding new firms from the market

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter15: Oligopoly And Strategic Behavior
Section: Chapter Questions
Problem 1P
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Which of the following choices is an advantage of an oligopoly?

agreeing to set prices high

limiting choices within the market

inventing new things to offer more choices

slowing innovation by excluding new firms from the market

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