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Title: Suppose an oligopoly consists of two firms. Firm A lowers price and Firm B responds by lowering its ... Post by: hiusy98 on Jan 23, 2017 Suppose an oligopoly consists of two firms. Firm A lowers price and Firm B responds by lowering its price by the same amount. If average costs and industry output remain the same, which of the following will occur?
A) The profits of the two firms will increase. B) The profits of the two firms will decrease. C) The profits of the two firms will remain the same. D) Barriers to entry will come tumbling down and new firms will enter. Title: Re: Suppose an oligopoly consists of two firms. Firm A lowers price and Firm B responds by lowering ... Post by: andyborzi on Jan 23, 2017 Content hidden
Title: Re: Suppose an oligopoly consists of two firms. Firm A lowers price and Firm B responds by lowering its ... Post by: hiusy98 on Mar 27, 2017 Project is complete now, thank you for your expertise!
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