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msouthern msouthern
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A week ago

Question 1.

If a firm can produce a product at a lower average cost than its competitors, it stands a better chance of earning economic profit.



▸ true

▸ false

Question 2.

Which of the following is not part of an oligopolist's business strategy?



setting the product's price after considering what rivals will do



deciding the level of total output of a new product



meeting worker health and safety standards required of all firms



determining the amount of advertising a new product needs

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JjogbhfJjogbhf
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A week ago
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Answer 1

true

Answer 2

meeting worker health and safety standards required of all firms

1

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