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Exhibit 10.7 -Refer to Exhibit 10.7,which Shows the Activity of an Oligopoly

Question 94

Multiple Choice

Exhibit 10.7
Exhibit 10.7 -Refer to Exhibit 10.7,which shows the activity of an oligopoly industry.An existing firm can produce _____ A) Q or more units at an average cost of c<sub>b</sub>. B) Q or more units at an average cost of c<sub>a</sub>. C) Q' or more units at an average cost of c<sub>b</sub>. D) Q' or more units at an average cost of c<sub>a</sub>. E) Q or more units at an average cost somewhere between c<sub>a</sub> and c<sub>b</sub>.
-Refer to Exhibit 10.7,which shows the activity of an oligopoly industry.An existing firm can produce _____


A) Q or more units at an average cost of cb.
B) Q or more units at an average cost of ca.
C) Q' or more units at an average cost of cb.
D) Q' or more units at an average cost of ca.
E) Q or more units at an average cost somewhere between ca and cb.

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