Question

Oligopolies would like to act like a Group of answer choices duopoly, but self-interest often drives them closer to the competitive outcome. competitive firm, but self-interest often drives them closer to the duopoly outcome. monopoly, but self-interest often drives them closer to the duopoly outcome. monopoly, but self-interest often drives them closer to the competitive outcome.

Answer 1

monopoly, but self-interest often drives them closer to the competitive outcome.

Step-by-step explanation:

An oligopoly exists when a small number of firms control the resources and price in a market.

They tend to stop each other from having significant influence in the market.

Because of this self interest their monopolistic attribute tends to become more towatds a competitive outcome.

So no one firm has the monopoly of the market rather influence is shared