In the Dominant Firm Model of Oligopoly,the Dominant Firm Assumes

question 62

Multiple Choice

In the dominant firm model of oligopoly,the dominant firm assumes that the other firms in the market:

• A)will charge a higher price than it does.
• B)will together produce a lower quantity of output than it does.
• C)behave like competitive firms.
• D)behave like monopolistic firms.

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