How Might an Oligopolist Increase Total Revenue Without Changing Price

question 92

Multiple Choice

How might an oligopolist increase total revenue without changing price?

• A)Reduce output.
• B)Reduce marketing efforts.
• C)Through nonprice competition.
• D)Reduce costs.

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Definitions:

Common Stock Account

An equity account representing the ownership interest of common shareholders in a company.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.

Share Split

A business move where a company splits its current shares into additional ones to increase the shares' marketability.

Share Price

The current market price of a single share of a company's stock.