How does the number of firms in an oligopoly affect the price and total quantity produced in the market?
Other Oligopoly Review Quiz Study Guide 1.What are the three characteristic of a market that is an oligopoly? 2.Provide three examples of markets that are oligopolies. 3 .If the members of an oligopoly could agree on a total quantity to produce, what quantity would they choose (what market structure would they copy to maximize profit)? […]