Figure 11-11 -According to the Graph of an Oligopolistic Industry in Figure

question 1

Multiple Choice

Figure 11-11

-According to the graph of an oligopolistic industry in Figure 11-11 (points A and C lie on the MC curve) ,which of the following statements is correct?

• A)With perfect collusion,price and outputs are indicated by point A.
• B)Without collusion,price and outputs are indicated by point B.
• C)With perfect collusion,price and outputs are indicated by point C.
• D)With perfect collusion,price and outputs are indicated by point B.

---

Definitions:

TMU

Time Measurement Unit, a standard used in work measurement and time study techniques to quantify the time required for specific tasks.

Element Description

A detailed explanation or specification of an element, which could refer to components in a system, variables in a model, or items in a dataset.

Allowance Factor

A numerical factor used in calculations to account for expected deviations from standard or ideal conditions, often applied in engineering and manufacturing.

Observations

Instances or occurrences that are recorded during an experiment, research, or any monitoring process to collect data and derive conclusions.