The smartest thing a firm involved in an oligopoly market could do is to cut their prices and capture more of the market share from their competitors. Multiple Choice We learned in class that the best move would be to raise prices. The smartest thing for a firm in an oligopoly to do is to maintain their price at the kink of the kinked demand curve. Cutting prices is no gaurantee of success. Cutting prices might increase their costs if they needed to serve more customers. We also learned that cutting prices on an elastic demand curve will be a smart way of getting more revenues. Both A and C are correct