QUESTION IMAGE
Question
multiple choice question
to reduce uncertainty or increase profits, oligopolists may change their prices
o independently
o through collusion
o often
o competitively
Oligopolists are firms in an oligopoly market structure. To reduce uncertainty and increase profits, they often engage in non - competitive behavior. Collusion allows them to coordinate prices and output, reducing the uncertainty associated with independent or competitive price - setting. Independent or competitive price - setting can lead to price wars and unpredictable profit levels. The term "often" is too vague.
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B. through collusion