Suppose an Oligopolist Individually Maximises Its Profits

question 18

Multiple Choice

Suppose an oligopolist individually maximises its profits. When calculating profits, if the output effect exceeds the price effect on the marginal unit of production, then the oligopolist

• A) should produce more units.
• B) has maximised profits.
• C) is in a Nash equilibrium.
• D) should produce fewer units.
• E) should exit the industry.

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