Question

FILL IN THE BLANK. because the market outcomes in a competitive oligopoly are between those of a ___ , deadweight loss still exists, but it is lower than when there is collusion.

Answer 1

Answer: monopoly and a perfectly competitive market

Because the market outcomes in a competitive oligopoly are between those of a monopoly and a perfectly competitive market, deadweight loss still exists, but it is lower than when there is collusion.