The figure above shows the market for airplanes.
-Suppose the airplane market is an oligopoly.If the firms act as a monopolist,the price will be ________ and if the firms act as competitors the price will be ________.
A) $13 million per plane; $1 million per plane
B) $1 million per plane; $13 million per plane
C) $13 million per plane; $13 million per plane
D) $1 million per plane; $1 million per plane
E) None of the above answers is correct.
Correct Answer:
Verified
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A) can lead to efficiency
A) the firms
A)
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