If an Oligopolist Is Going to Change Its Price or Output,its

question 143

Multiple Choice

If an oligopolist is going to change its price or output,its initial concern is

• A)The response of its competitors.
• B)A change in its cost structure.
• C)The concentration ratio.
• D)The response of the Federal Trade Commission.

---

Definitions:

Foreign Currency

Currency used in a country other than one’s own, relevant in transactions, accounting, and financial reporting for businesses operating internationally.

Appreciates

Refers to the increase in value of an asset over time.

Indirect Quote

A foreign exchange rate quoted as the domestic currency per unit of the foreign currency.