Homogeneous oligopoly exists where a small number of firms are .

A. setting price and output independently
B. producing differentiated products
C. setting price and output collusively
D. producing virtually identical products.

B

Explanation:

If the firms in an oligopolistic industry can establish an effective cartel, the resulting output and price will approximate those of a pure monopoly.

answer; ///the above statement is (false) .

answer; ///i believe the correct answer is(e) complementary to each other;