In an Oligopolistic Market, When the Quantity Effect Outweighs the Price

question 100

Multiple Choice

In an oligopolistic market, when the quantity effect outweighs the price effect:

• A)an increase in output may increase a firm's profits.
• B)a decrease in output may increase a firm's profits.
• C)keeping output constant and raising price will increase a firm's profits.
• D)keeping output constant and lowering price will increase a firm's profits.

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