Figure 13-3 ​ Oligopolist a Cuts Price in an Attempt to Enlarge His

question 36

Multiple Choice

Figure 13-3 ​

 
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 13-3, oligopolist A will move from point A to which point?

• A)B
• B)C
• C)D

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