Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

When a oligopolist individually chooses its level of production to maximize its profits it charges a price that is ?

When a oligopolist individually chooses its level of production to maximize its profits it charges a price that is ?

A. more than the price charged by either monopoly or a competitive market
B. less than the price charged by either monopoly or a competitive market
C. more than the price charged by a monopoly and less then the price charged by a competitive market
D. less than the price charged by a monopoly and more than the price charged by a competitive market