If a firm has some degree of market power, then output price ? – McqOptions

MCQOPTIONS

1.	If a firm has some degree of market power, then output price ?
A.	no longer influences the amount demand of the firm’s product
B.	becomes a decision variable for the firm
C.	is guaranteed to be above a firm’s average cost.
D.	is determined by the actions of other firms in the industry
Answer» C. is guaranteed to be above a firm’s average cost.

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