If a firm's marginal costs ________, then ________.
A) fall; its best-response curve shifts
B) rise; it is forced out of the oligopoly
C) rise; its output increases
D) fall; its price falls
Correct Answer:
Verified
Q33: Q34: If a firm is selling a quantity Q36: In the simplest version of the Cournot Q40: In the simplest version of the Cournot Q41: In a Bertrand model with identical products, Q42: A product can be differentiated through Q52: In the Cournot model,the output that a Q54: In the Cournot model,a firm maximizes profit
A)price
A)physical changes
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