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