The oligopolistic model in which firms produce exactly the same results as would exist if a monopolist controlled the entire industry is called the ________ model.

A) Cournot
B) price leadership
C) maximin strategy
D) collusion

Oligopolistic Model

A market structure characterized by a small number of large firms dominating the market, leading to limited competition and high barriers to entry.

Monopolist

An individual or firm that holds a monopoly in a particular market, having exclusive control over the supply of a good or service and, therefore, substantial market power.