The market for electronic readers consists of relatively few

The market for electronic readers consists of relatively few firms, including Amazon, Sony, and Plastic Logic. In an interview, Walter Mossberg of the Wall Street Journal asked Rich Archuleta CEO of Plastic Logic, what price the company would be charging for a new electronic reader that it was developing, aimed at business users. Archuleta declined to give a specific price, saying instead, \"The market sets pricing We don\'t set pricing But Plastic Logic is competing in an oligopolistic industry, so shouldn\'t the firm, not the market, be setting the price? Source: \"Plastic Logic Shows New E-Book Reader,\" Wall Street Journal, May 27, 2009. O A. although firms in an ollgopoly select their price, competitive forces, such as sunk costs, determine which price maximizes profit O B. although firms in an oligopoly are typically free to select their price O C. although firms in an oligopoly select their price, compettive forces, such as the , his firm is unable to pick its price because it is colluding with other frms in the oligopoiy D. although some firms in an oligopoly select their price, his firm is in an oligopoly where firms do not set their own price O E. although firms n an oligopoly select their price, competitive forces, such as government regulations, determine which pnce

Solution

Answer:- archuleta likely means that

Correct Answer:- although firms in an oligopoly select their price, competitive forces such as threat of poteential entrants determine which price maximizes profit

Reason:- Due to many competitors in the market, the firm should be free to decide its own price.