Solved

Suppose an Oligopolist Individually Maximises Its Profits

Question 20

Multiple Choice

Suppose an oligopolist individually maximises its profits. When calculating profits, if the output effect exceeds the price effect on the marginal unit of production, then the oligopolist


A) should produce more units.
B) has maximised profits.
C) is in a Nash equilibrium.
D) should produce fewer units.
E) should exit the industry.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Predatory pricing occurs when a firm cuts

Q14: The greater the number of firms in

Q19: The market for hand tools in South

Q19: The unique feature of an oligopoly market

Q20: An agreement among firms in a market

Q22: Table 1
Table 1 </p></div><svg width=

Q25: Table 1
Table 1 </p></div><svg width=

Q30: A dominant strategy is one that
A) makes

Q269: The simplest type of oligopoly is
A)monopoly.
B)duopoly.
C)monopolistic competition.
D)oligopolistic

Q276: In studying oligopolistic markets, economists assume that
A)there

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents