If an Oligopolist Is Going to Change Its Price or Output,its

question 117

Multiple Choice

If an oligopolist is going to change its price or output,its initial concern is

• A)The response of its competitors.
• B)A change in its cost structure.
• C)The concentration ratio.

---

Definitions:

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and profits.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time.

Ending Inventory

The total value of a company's merchandise or goods that have not been sold at the end of an accounting period.

Beginning Inventory

The value of a company's inventory at the start of an accounting period, prior to any purchases or sales.