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joanne1718 joanne1718
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5 years ago
The profit-maximizing level of output and the profit-maximizing price for an oligopolist cannot be calculated when we don't know

• what the concentration ratio for the oligopolist's industry is.

• what the minimum efficient scale in the oligopolist's industry is.

• the demand curve and the marginal revenue curve of the oligopolist.

• the type of barrier to entry that exists in the oligopolist's industry.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 66 times
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Replies
wrote...
5 years ago
the demand curve and the marginal revenue curve of the oligopolist.
joanne1718 Author
wrote...
5 years ago
Thank you, thank you, thank you!
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