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-This Diagram Is Used to Illustrate

question 71

Multiple Choice

  -This diagram is used to illustrate A)  why an oligopoly firm is unwilling to raise its price above P₀ to P₁ or lower it from P₀ to P₂ B)  the  phases of the moon  pricing process used by the electrical industry. C)  the difference between dominant firm price leadership raising the price from P₀ to P₁ and barometric firm price leadership reducing the price from P₀3. to P₂. D)  long-run equilibrium in a perfectly competitive market. E)  the process by which a cartel sets prices and divides up the market among its members.
-This diagram is used to illustrate


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