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Loraine Loraine
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Posts: 4563
8 years ago
When oligopolies operate like firms in perfect competition, the firms produce at the point where the
A) price is less than the marginal cost.
B) marginal cost equals the price.
C) price exceeds the marginal cost by the greatest amount.
D) price exceeds the average total cost by the greatest amount.
E) marginal cost equals the average total cost.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 340 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
VincenzoDVincenzoD
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Posts: 1913
8 years ago
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Loraine Author
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8 years ago
This helped my grade so much Perfect
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Yesterday
Thanks for your help!!
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2 hours ago
Brilliant
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