

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 | |