Figure 12-3 -Oligopolist a Cuts Price in an Attempt to Enlarge His

question 156

Multiple Choice

Figure 12-3

-Oligopolist A cuts price in an attempt to enlarge his share of the market.His competitors retaliate with identical price cuts.In this case, in Figure 12-3, oligopolist A will move from point A to which point?

• A)B
• B)C
• C)D

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