A. must dominate the price effect.
B. must be smaller than the price effect.
C. must balance with the price effect.
D. can be larger or smaller than the price effect
Tuesday 5 June 2012
Assume oligopoly firms are profit maximizers, they do not form a cartel,
Assume
oligopoly firms are profit maximizers, they do not form a cartel, and
they take other firms’ production levels as given. Then the output
effect
A. must dominate the price effect.
B. must be smaller than the price effect.
C. must balance with the price effect.
D. can be larger or smaller than the price effect
A. must dominate the price effect.
B. must be smaller than the price effect.
C. must balance with the price effect.
D. can be larger or smaller than the price effect
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