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A new firm successfully enters a three-firm cournot oligopoly without changing the demand and cost structures. the new price becomes multiple choice 75 percent of the original price. 50 percent of the original price. unknown for lack of other information. the same as the original price.

Respuesta :

The new price of the goods will be unknown as there is a lack of other information. Hence, Option C is the correct answer.

What is an oligopoly market?

An oligopoly market can be defined as a market in which the marketplace is dominated by few sellers or producers, for example., the automobile industry or aircraft industry.

The competition in such a market is dependent upon the number of sellers or producers.

Hence,The new price of the goods will be unknown as there is a lack of other information.  Option C is the correct answer.

learn more about oligopoly market:

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