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Profit-maximizing firm in oligopoly

Relative to firms into other market structures, there a profit-maximizing firm in an oligopoly: (1) is more efficient than firms in a perfectly competitive structure. (2) produces a larger level of output than firms within any other market structure. (3) charges lower prices for its products than firms during any other market structure. (4) produces where MR = MC only like firms in all other market structures.

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