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The larger the number of firms in an oligopoly, the ________ the price and the ________the output of the industry.

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Question:

The larger the number of firms in an oligopoly, the ________ the price and the ________the output of the industry.

A.

lower, greater

B.

higher, lesser

C.

higher, greater

D.

lower, lesser

Answer» a. lower, greater

Note: The above multiple-choice question is for all general and Competitive Exams in India.