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Refer to Figure 25

question 117

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  Refer to Figure 25.1 for an oligopoly firm.Assume that the existing price and quantity are $10 and 2,000 units.Which of the following statements is most likely correct? A) Demand curves D<sub>1</sub> and D<sub>2</sub> both assume that rivals will not match any price changes. B) Demand curves D<sub>1</sub> and D<sub>2</sub> both assume that rivals match any price changes. C) Demand curve D<sub>1</sub> assumes that rivals match any price changes. D) Demand curve D<sub>2</sub> assumes that rivals match any price changes. Refer to Figure 25.1 for an oligopoly firm.Assume that the existing price and quantity are $10 and 2,000 units.Which of the following statements is most likely correct?


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