Sue and Jane Own Two Local Gas Stations

question 62

Multiple Choice

Sue and Jane own two local gas stations.They have identical constant marginal costs, but earn zero economic profits.Sue and Jane constitute

• A)a Sweezy oligopoly.
• B)a Cournot oligopoly.
• C)a Bertrand oligopoly.
• D)none of the statements associated with this question are correct.

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