Use the Following Table to Answer the Question : Table

question 74

Multiple Choice

Use the following table to answer the question : Table 15-1: shows the marginal cost [MC],marginal revenue [FH],and demand [FG] curves for a monopolist who faces constant costs.
Figure 15-1
-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.

---

Definitions:

Marketing Plan

A comprehensive document or strategy detailing the actions a company will undertake to promote and sell its products or services.

Gourmet Cookware

High-quality, often luxurious cooking tools and equipment designed for sophisticated culinary applications.

Retail Outlet

A physical store where products are sold directly to the public.

Suggested Purchase Order

A recommendation provided to a buyer, often by a vendor or salesperson, detailing specific products and quantities to purchase.