If the Supply Curve of the Fringe in the Oligopoly

question 22

Multiple Choice

If the supply curve of the fringe in the oligopoly market is highly elastic:

• A)the dominant firm will command a higher share of market output.
• B)the price chosen by the dominant firm will be high.
• C)the dominant firm's profit will be lower.
• D)the market price for the commodity will be low.

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