CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

Equilibrium quantity in markets characterized by oligopoly is ______.
A. higher than in monopoly markets and higher than in perfectly competitive markets
B. higher than in monopoly markets and lower than in perfectly competitive markets
C. lower than in monopoly markets and higher than in perfectly competitive markets
Explanation: Prices are lower than in monopoly markets but higher than in perfectly competitive markets.

User Contributed Comments 3

User Comment
thanhb91 I dont get it, the question ask for equilibrium quantity and explanation is for equilibrium price; these two will have opposite effect on the answer.
standaert The explanation gives a different perspective for users to understand. It does not state opposite answer, @thanhb91.
BossMan Price was not asked. Pls explain.
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