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Home Q & A Board Other Fields Homework Help Business Economics
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msouthern msouthern
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4 years 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

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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Jacobian S.Jacobian S.
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4 years ago
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