The Analysis Used for Oligopolistic Firms Is Similar to That

question 85

Multiple Choice

The analysis used for oligopolistic firms is similar to that used for monopolies in all of the following ways except

• A)price is higher than the minimum of the ATC curve.
• B)output is to the left of the minimum of the ATC curve.
• C)the action of rival firms must continually be taken into account.
• D)both types of firms have a higher price and a lower output than a perfect competitor.

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