MCQOPTIONS
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| 1. |
An oligopoly with a dominant price leader will produce a level of output ? |
| A. | equal to what a monopolist would choose in the same industry |
| B. | between that which would prevail under competition and that which a monopolist would choose in the same industry |
| C. | that would prevail under competition |
| D. | between that which would prevail under competition and that which a monopolistic competitor would choose in the same industry. |
| Answer» C. that would prevail under competition | |