What Is the Most Likely Response by Rivals When an Oligopolist

question 115

Multiple Choice

What is the most likely response by rivals when an oligopolist cuts its price to increase its sales?

• A)Raise their prices.
• B)Ignore the change.
• C)Cut their prices.
• D)Reduce their costs.

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Definitions:

Deviation IQ

A method of calculating intelligence quotient where an individual's score is expressed as a deviation from the mean score of the age group.

IQ Tests

Uniform evaluations aimed at measuring the cognitive abilities and intelligence of humans.

Intellectual Disability

A term used to describe individuals who exhibit limitations in intellectual functioning and adaptive behavior, originating before the age of 18.

Profound

Having deep insight or understanding; penetrating beyond what is superficial or obvious.