Because Each Oligopolist Cares About Its Own Profit Rather Than

Multiple Choice

Because each oligopolist cares about its own profit rather than the collective profit of all the oligopolists together,

A) they are unable to maintain the same degree of monopoly power enjoyed by a monopolist.
B) each firm's profit always ends up being zero.
C) society is worse off as a result.
D) Both a and c are correct.