Skip to main content
Microeconomics
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
Back
Introduction to the Four Market Models
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Introduction to the Four Market Models
Download worksheet
Practice
Summary
Previous
3 of 10
Next
11. Perfect Competition / Introduction to the Four Market Models / Problem 3
Problem 3
How might an increase in the number of suppliers in an oligopoly affect market dynamics?
A
It would have no effect on the market.
B
It could lead to a monopoly.
C
It might increase competition and lower prices.
D
It would result in perfect competition.
AI tutor
0
Show Answer