If a Duopoly Has Reached the Monopoly Outcome,a Firm Can

question 58

Multiple Choice

If a duopoly has reached the monopoly outcome,a firm can increase its profit by if it and it alone ________ its price and ________ its production.

• A) raises; increases
• B) raises; decreases
• C) lowers; increases
• D) lowers; decreases
• E) raises; does not change

---

Definitions:

Planning

The process of making detailed proposals or decisions about future actions.

Purpose

The reason for which something is done or created, or for which something exists; the intention or objective.

Informational

Pertaining to the delivery or provision of data or facts intended to inform the audience or readership without an overt persuasion towards a certain opinion or action.

Decision-Making

The cognitive process of selecting a course of action from among multiple alternatives.