If Competing Oligopolists Completely Ignore Oligopolist X's Price Changes, Then

question 240

Multiple Choice

If competing oligopolists completely ignore oligopolist X's price changes, then X's

• A) demand curve will be less elastic than if the other oligopolists matched X's price changes.
• B) demand curve will be more elastic than if the other oligopolists matched X's price changes.
• C) marginal revenue curve will have a vertical gap.
• D) demand and marginal revenue curves will coincide.

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Definitions:

Citrate

A salt or ester of citric acid that plays a key role in the Krebs cycle, a central pathway in cellular respiration.

Oxaloacetate

A four-carbon molecule that acts as a key intermediate in the citric acid cycle and gluconeogenesis.

Mitochondrial Intermembrane

The space located between the inner and outer membranes of mitochondria, involved in the electron transport chain.

ATP Synthase

An enzyme complex that produces ATP from ADP and inorganic phosphate during cellular respiration and photosynthesis.