How Might an Oligopolist Increase Total Revenue Without Changing Price

question 34

Multiple Choice

How might an oligopolist increase total revenue without changing price?

• A)Reduce output.
• B)Reduce marketing efforts.
• C)Through nonprice competition.

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Definitions:

Promoter

A substance that increases the activity of an enzyme or other catalyst, enhancing a chemical reaction.

Non-native Species

Species that are introduced into an ecosystem where they do not naturally occur, often causing harm to the native biodiversity.

High Reproductive Time

Species or organisms that have a long period before reaching sexual maturity, often resulting in fewer offspring over their lifetime.