Which of the Following Is True

Multiple Choice

Which of the following is true?

A) In an oligopoly market, the equilibrium price is higher than the competitive equilibrium price.
B) In a monopoly market, the equilibrium price in the long run approaches the competitive equilibrium price.
C) In a monopolistically competitive market, the long-run equilibrium price is higher than the competitive equilibrium price.
D) In an oligopoly with differentiated products, the equilibrium prices of the firms are the same.