If an oligopolist incurs losses in the short run, then in the long run
A) the oligopolist will go out of business
B) the oligopolist will stay in business
C) the oligopolist will break-even
D) any of the above
Correct Answer:
Verified
Q9: Let labour is the only variable input,
Q10: A profit maximizing firm under a perfectly
Q11: To minimize cost of production at any
Q12: In Chamberlin and Kinked demand curve model,
Q13: In the case of price leadership by
Q15: Existence of large number of buyers and
Q16: Product differentiation is a characteristic of:
A)monopoly
B)perfect competition
C)monopolistic
Q17: A firm under Perfect Competition is a:
A)price
Q18: Selling cost is a feature of :
A)perfect
Q19: Oligopoly is characterized by:
A)a few sellers
B)one seller
C)large
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