Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
hiusy98 hiusy98
wrote...
Posts: 1526
Rep: 1 0
7 years ago
Suppose an oligopoly consists of two firms. Firm A lowers price and Firm B responds by lowering its price by the same amount. If average costs and industry output remain the same, which of the following will occur?
A) The profits of the two firms will increase.
B) The profits of the two firms will decrease.
C) The profits of the two firms will remain the same.
D) Barriers to entry will come tumbling down and new firms will enter.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 99 times
2 Replies
Replies
Answer verified by a subject expert
andyborziandyborzi
wrote...
Posts: 449
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

hiusy98 Author
wrote...
7 years ago
Project is complete now, thank you for your expertise!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1084 People Browsing
Related Images
  
 1554
  
 677
  
 66
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 308

Previous poll results: What's your favorite math subject?