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.Management Sciences
A. The oligopolist believes that competitors will match output increase but not output reduction
B. The oligopolist believes that competitors will match price increase but not output reduction
C. The oligopolist believers that competitors will match price cuts but not price rises
D. The oligopolist believes that competitors will match price increase but not output increase
Related Mcqs:
- A perfectly competitive market has ?
- A. firms that set their own prices B. only one seller. C. at least a few sellers. D. many buyers and sellers....
- A shift is demand will have more effect on price than quantity if ?
- A. The price elasticity of supply is price inelastic B. The price elasticity of supply is price elastic C. The price elasticity of supply is perfectly elastic D. The price elasticity of supply is infinity...
- Comparing a monopoly and competitive firm, the monopolist will ?
- A. produce less at a lower price B. produce more at a lower price C. produce less at a higher price D. produce less at a lower price...
- The effect of a tax to offset a negative externality will be to ____ price and ______ quantity?
- A. reduce , reduce B. increase, increase C. increase, reduce D. reduce, increase...
- If a government were to fix a minimum wage for adult workers, economists would predict ?
- A. wages in general would fall as employers tried to hold down costs B. fewer young workers would be employed C. the costs and prices of firms employing cheap labour would increase D. there would be more unemployment...
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