Suppose an oligopolist individually maximizes its profits. When calcu – McqOptions

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1.	Suppose an oligopolist individually maximizes its profits. When calculating profits, if the output effect exceeds the price effect on the marginal unit of production, then the oligopolist ?
A.	Should produce more units
B.	has maximized profits
C.	is in a Nash equilibrium
D.	Should produce fewer units
E.	should exit the industry
Answer» B. has maximized profits

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