An oligopoly with a dominant price leader will produce a level of output ?

A. equal to what a monopolist would choose in the same industry
B. between that which would prevail under competition and that which a monopolist would choose in the same industry
C. that would prevail under competition
D. between that which would prevail under competition and that which a monopolistic competitor would choose in the same industry.

Correct Answer: between that which would prevail under competition and that which a monopolist would choose in the same industry ✔

Last Updated: June 18, 2019