Question

In an​ oligopoly, the outcome​ _______. A. is the monopoly outcome B. that maximizes profit occurs when total production is less than the monopoly outcome C. is the perfect competition outcome D. may be the monopoly​ outcome, or the perfect competition​ outcome, or something in between

Answer 1

Answer: In an​ oligopoly, the outcome​ "D. may be the monopoly​ outcome, or the perfect competition​ outcome, or something in between."

Explanation: In an oligopoly, the income of the belonging companies can be the perfect competition income if they decide to compete with each other, as can also be the monopoly if the companies decide to collude and form a "cartel" to maximize the economic benefit.