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Loraine Loraine
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8 years ago
If firms in an oligopolistic industry consistently cut their price to sell more output, what price and output will result?
A) the monopoly price and output
B) the competitive price and output
C) the monopolistically competitive price and output
D) a price lower than the competitive price and less output than the competitive amount
E) a price lower than the competitive price and more output than the competitive amount
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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8 years ago
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Loraine Author
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8 years ago
You make an excellent tutor!
Ivansitospeed@g
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Helped a lot
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2 hours ago
Thank you, thank you, thank you!
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