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Economics
MEDIUM
ENGLISH
Economics
As the number of sellers in an oligopoly increases ?
A
output in the market tends to fall because each firm must cut back on production
Option A
B
the price in the market moves further from marginal cost
Option B
C
collusion is more likely to occur because a larger number of firms can place pressure on any firm that defects
Option C
The price in the market moves closer to marginal cost
Correct answer
Correct answer: D
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