When an oligopolist independently determines its output to maximize profits, the price it sets is typically:

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Higher than the price set by both a monopoly and a perfectly competitive marketLower than the price established by either a monopoly or a competitive marketGreater than the monopoly price but below the price in a competitive marketBelow the monopoly price yet above the price found in a competitive marketEqual to the price charged in a perfectly competitive market

Explanation

An oligopolist, when choosing its production level to maximize profit, sets a price that falls between the monopoly price and the competitive market price. This means the price is lower than that of a monopoly but higher than in a perfectly competitive market.