Which of the following best describes the efficiency results in oligopoly?

A) P > MC and P = minimum ATC.
B) P = MC and P > minimum ATC.
C) P = MC and P = minimum ATC.
D) P > MC and P > minimum ATC.

Efficiency Results

Describes outcomes achieved in a manner where resources are used optimally to produce desired outputs with minimum waste or inefficiency.

Minimum ATC

Refers to the lowest point on the Average Total Cost curve, where a firm is producing goods at the minimum possible cost per unit.

P > MC

A condition suggesting that the price of a product is greater than its marginal cost, which is often used to indicate potential profitability in a competitive market.