If Oligopolists Start Cutting Prices to Capture a Larger Market

question 142

Multiple Choice

If oligopolists start cutting prices to capture a larger market share,the result will be

• A)Lower prices,decreased output,and larger profits.
• B)Higher prices,increased output,and larger profits.
• C)Lower prices,increased output,and larger profits.
• D)Lower prices,increased output,and smaller profits.

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Definitions:

Creative

Characterized by the ability or power to create, often manifesting in original ideas, art, solutions, or innovations.

Progression Principle

In fitness and training, the concept that the intensity and volume of exercise should increase gradually over time to continue to gain benefits.

Maslow's Theory

A psychological theory of human motivation that suggests individuals are motivated to fulfill basic needs before moving on to higher level needs, arranged in a hierarchy.

Peace

A state of tranquility or quietness, often used to describe the absence of war, conflict, or disturbance in a social or personal context.