In general, oligopolists compete a )     on quality alone. b )     on price, R&D, and marketing and advertising. c )     on many dimensions except for price. d )     on price alone.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter24: Price-searcher Markets With High Entry Barriers
Section: Chapter Questions
Problem 8CQ
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In general, oligopolists compete
  • a ) 
     
     on quality alone.
  • b ) 
     
     on price, R&D, and marketing and advertising.
  • c ) 
     
     on many dimensions except for price.
  • d ) 
     
     on price alone.
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