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7. Which of the following is not an oligopolist? (LO4) a) ExxonMobil b) General Motors c) your local phone company 600.05 0 d) Xerox 8.

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7. Which of the following is not an oligopolist? (LO4) a) ExxonMobil b) General Motors c) your local phone company 600.05 0 d) Xerox 8. Which statement about oligopolies is false? (LO3) a) They operate at the minimum points of their ATC curves. b) They charge higher prices than perfect competitors. c) They make profits in the long run. d) They cannot legally form cartels in the United States

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