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The Following Graph Shows the Marginal Revenue (MR), Average Revenue

question 89

Multiple Choice

The following graph shows the marginal revenue (MR) , average revenue (AR) , marginal cost (MC) and average cost (AC) curves for an oligopoly ?rm. Refer to the graph to answer the question. The following graph shows the marginal revenue (MR) , average revenue (AR) , marginal cost (MC)  and average cost (AC)  curves for an oligopoly ?rm. Refer to the graph to answer the question.    Assume that all the ?rms in the oligopoly market face the same set of cost and revenue curves. If they formed a cartel, they would maximize pro?t at the output level _____. A)  Q B)  Q1 C)  Q2 D)  Q3
Assume that all the ?rms in the oligopoly market face the same set of cost and revenue curves. If they formed a cartel, they would maximize pro?t at the output level _____.


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