Oligopolists Are Aware That Increases in the Quantity of Output

question 69

Multiple Choice

Oligopolists are aware that increases in the quantity of output they produce will do which of the following

• A)reduce the price of their product, and in this respect they are like monopolists
• B)reduce the price of their product, and in this respect they are like competitive firms
• C)increase the price of their product, and in this respect they are like monopolists
• D)increase the price of their product, and in this respect they are like competitive firms

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