Economics 9708 · AS & A Level · 7.6

7.6 — practice question

According to oligopoly theory, which feature would be unlikely to describe firms’ behaviour in the industry?

  • Amatching any price cuts made by their rivals
  • Bmatching any price rises made by their rivals
  • Cselling a range of similar but differentiated products
  • Dthe ability to earn supernormal profit

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