Suppose an Opal-Mining Firm Is Part of an Oligopoly

question 87

Multiple Choice

Suppose an opal-mining firm is part of an oligopoly.It will have no profit incentive to increase the output of opals when the output effect is:

• A)is equal to the dominant strategy
• B)equal to the price effect
• C)less than the price effect
• D)greater than the price effect

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