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If firms in an oligopolistic industry consistently cut their price to sell more output, what price a

Loraine

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9 years ago

If firms in an oligopolistic industry consistently cut their price to sell more output, what price a

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

Edition: 7^th

Authors: Bade, Parkin

Read 186 times

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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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Loraine Author

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9 years ago

Thanks for your help!!

mmmm_dat_userna

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Brilliant ツ

Morgan-C

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You make an excellent tutor!

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