Refer to Figure 15-1

question 78

Multiple Choice

Refer to Figure 15-1.What is most likely to happen if the market is oligopolistic as compared to a monopolistic market structure?

• A)The deadweight loss in the market will be greater.
• B)The equilibrium output will be lower.
• C)The equilibrium price in the market will be lower.
• D)The price and output will remain unchanged.

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