

MCQOPTIONS
Saved Bookmarks
1. |
When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is ? |
A. | more than the level produced by a monopoly and less than the level produced by a competitive market |
B. | less than the level produced by a monopoly and more than the level produced by a competitive market |
C. | less than the level produce by either monopoly or a competitive market |
D. | more than the level produced by either monopoly or a competitive market |
Answer» B. less than the level produced by a monopoly and more than the level produced by a competitive market | |