If an Oligopolistic Firm Decreases Its Price

question 241

Multiple Choice

If an oligopolistic firm decreases its price

• A) total revenue will decrease.
• B) it faces an elastic demand curve.
• C) competitors will not match the reduced price.
• D) total revenue will increase.

Recognize the importance of conservation biology and strategies for protecting ecosystems.

Understand the concepts of emigration, immigration, and migration in population dynamics.

Identify the role of predation, disease, and competition in natural population control.

Understand the dynamics of population change and factors affecting it in a natural ecosystem.

---

Definitions:

Wire Fence

A barrier made from wire, used to enclose or divide an area, typically for security or to keep livestock within a boundary.

Liable

Being legally responsible for something.

Drained Pool

A swimming pool whose water has been intentionally removed, often for maintenance or safety reasons.

Chocolate Bar

A confectionary item made primarily from chocolate and shaped into a rectangular form for consumption.