Like Monopolists, Oligopolists Are Aware That an Increase in the Quantity

question 38

Multiple Choice

Like monopolists, oligopolists are aware that an increase in the quantity of output always

• A)reduces the price of their product.
• B)reduces their profit.
• C)reduces their revenue.
• D)reduces productivity.

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Definitions:

Strike-Slip Fault

A type of fault where rocks on either side move horizontally past one another, typically a result of shear stress.

Oblique-Slip Faults

Faults that exhibit both vertical and horizontal movement, combining characteristics of strike-slip and dip-slip (normal or reverse) faults.

Ductile Behavior

The ability of a material to undergo significant deformation under stress before breaking, often applied to metals and geological formations.

Brittle Deformation

The breaking or fracturing of a rock under stress, without significant deformation.