Figure: Demand 3 If the two-firm oligopoly facing the market in this diagram is currently producing at the competitive output level and one of the firms reduces output by 4 units, the firm's profits would increase from _________________.
A) $64 to $96
B) $0 to $24
C) $0 to $48
D) $32 to $48

Question

Figure: Demand 3  If the two-firm oligopoly facing the market in this diagram is currently producing at the competitive output level and one of the firms reduces output by 4 units, the firm's profits would increase from _________________.
A) $64 to $96 
B) $0 to $24 
C) $0 to $48 
D) $32 to $48

Quizplus · Accepted Answer

The Answer of Figure: Demand 3  If the two-firm oligopoly facing the market in this diagram is currently producing at the competitive output level and one of the firms reduces output by 4 units, the firm's profits would increase from _________________.
A) $64 to $96 
B) $0 to $24 
C) $0 to $48 
D) $32 to $48

Figure: Demand 3 If the Two-Firm Oligopoly Facing the Market