Assertion: oligopoly's price | /r/HasProperty | set in the market
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text: Theories of oligopoly A central aim of market theory is to formulate predictions about firms' price and output decisions in different situations, and, under such market forms as perfect competition and monopoly, economists can be fairly certain about likely outcomes: in the case of the former, price is set in the market through the free interaction of demand and supply, and individual firms passively take this price and equate marginal cost with marginal revenue to determine the best output; in the case of the latter, the firm will still equate MC with MR, but can restrict output and raise price in so doing.