Which of the Following Statements Is Correct About Oligopoly Firms

question 99

Multiple Choice

Which of the following statements is correct about oligopoly firms?

• A)They typically achieve economic capacity.
• B)They may or may not charge a price higher than marginal cost.
• C)They maximize profits by equating marginal revenue and marginal cost.
• D)They operate in an intensely competitive atmosphere in which the market dictates price.
• E)They produce an output that puts them graphically on the rising portion of the AC curve.

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