MCQOPTIONS
Saved Bookmarks
| 1. |
When a oligopolist individually chooses its level of production to maximize its profits it charges a price that is ? |
| A. | more than the price charged by either monopoly or a competitive market |
| B. | less than the price charged by either monopoly or a competitive market |
| C. | more than the price charged by a monopoly and less then the price charged by a competitive market |
| D. | less than the price charged by a monopoly and more than the price charged by a competitive market |
| Answer» E. | |