An oligopoly would tend to restrict output and drive up price if Answer barriers

Question

An oligopoly would tend to restrict output and drive up price if Answer barriers to entering the industry are negligible. firms engage in informative advertising. firms produce a standardized product. firms collude and behave like a monopoly. An oligopoly would tend to restrict output and drive up price if An oligopoly would tend to restrict output and drive up price if barriers to entering the industry are negligible. firms engage in informative advertising. firms produce a standardized product. firms collude and behave like a monopoly. barriers to entering the industry are negligible. firms engage in informative advertising. firms produce a standardized product. firms collude and behave like a monopoly.

Explanation / Answer

firms collude and behave like a monopoly.

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