The Demand Curve Facing a Dominant Firm in the Price

question 196

Multiple Choice

The demand curve facing a dominant firm in the price leadership model is derived by subtracting the

• A) amount supplied by the smaller firms from market demand.
• B) amount supplied by the smaller firms from market supply.
• C) amount demanded by customers from the smaller firms from market supply.
• D) dominant firm's marginal cost curve from the industry's supply curve.

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Definitions:

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