Which of the following statements is correct about oligopoly firms?
A) They typically achieve economic capacity.
B) They may or may not charge a price higher than marginal cost.
C) They maximize profits by equating marginal revenue and marginal cost.
D) They operate in an intensely competitive atmosphere in which the market dictates price.
E) They produce an output that puts them graphically on the rising portion of the AC curve.
Correct Answer:
Verified
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A)A
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