Which of the Following Statements Is Correct

question 47

Multiple Choice

Which of the following statements is correct?

• A)When duopoly firms reach a Nash equilibrium, their combined level of output is the monopoly level of output.
• B)When oligopoly firms collude, they are behaving as a cartel.
• C)In an oligopoly, self-interest drives the market to the competitive outcome.
• D)An oligopoly is an example of monopolistic competition.

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Definitions:

Not Good-Looking

A subjective assessment indicating that someone is perceived as not meeting conventional standards of physical attractiveness.

Specificity of Attitudes

The degree to which an attitude is related to a particular object, situation, or issue.

Accessibility of Attitudes

The ease with which an attitude can be remembered or brought to mind, often influencing the consistency of behavior toward the attitude object.

Evaluation Apprehension

Anxiety or fear about being judged, evaluated, or perceived negatively by others.