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If the price in an oligopoly market is the same as that of a monopoly with identical cost and demand ...

thanhha78

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If the price in an oligopoly market is the same as that of a monopoly with identical cost and demand ...

If the price in an oligopoly market is the same as that of a monopoly with identical cost and demand conditions then
A) there may be collusion between firms.
B) market demand must be unit elastic.
C) the average cost curve must be downward sloping.
D) This could never happen.

Textbook

Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools

Edition: 6^th

Authors: O'Sullivan, Sheffrin, Perez

Read 67 times

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thanhha78 Author

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6 years ago

thnkkkkk .. always right

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