Assume That Two Firms in an Olig​opoly Market Are Unable

question 408

Multiple Choice

Assume that two firms in an olig​opoly market are unable to collude. Once the Nash Equilibrium is reached

• A)​it is always possible for one firm to increase its profits by producing more output.
• B)​the two firms are jointly earning monopoly profit.
• C)​neither firm is able to improve its outcome on its own.
• D)​the outcome is equivalent to a competitive equilibrium.

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