

MCQOPTIONS
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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. | |