If a Market Is a Duopoly and Additional Firms Enter

question 297

Multiple Choice

If a market is a duopoly and additional firms enter and do not cooperate, then

• A)price and quantity fall.
• B)price and quantity rise.
• C)price falls and quantity rises.
• D)price rises and quantity falls.

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Definitions:

Interpersonal Conflict Management Styles

The strategies individuals use to handle disputes or disagreements among people in social or work settings.

Interdependence

The mutual reliance between individuals, groups, or organizations where each party depends on the others for resources, information, or support.

Problem-Solving

The process of identifying, assessing, and resolving issues in order to overcome obstacles or reach a desired outcome.

Assertiveness

The quality of being self-assured and confident without being aggressive.