Question

As the number of firms in an oligopoly ____, the oligopoly becomes more ____.A. decreases; competitive B. decreases; like a monopoly C. increases; like a monopoly D. increases; like perfect competition E. both b. and d.

Answer 1

E. both b. and d.

Step-by-step explanation:

As the number of firms in an oligopoly decreases and increases, the oligopoly becomes more like a monopoly and like perfect competition.