If an oligopolists fixed costs increase its price will and i

If an oligopolist\'s fixed costs increase, its price will and its profit will Increase; decrease Decrease; increase Increase; stay the same Stay the same; decrease

Solution

Solution-

The correct answer is Stay the same and decrease

Reason

Oligopoly is a market structure with a small number of companies, some of which can not prevent others from making significant impact. The concentration ratio is to count the market share of the largest companies. Monopoly is a firm, double companies have two companies and snack has two or more companies.