Question
A. Indicate if the following characteristics exist in the oligopolistic market by writing a YES in the blank for those that do and NO for
A. Indicate if the following characteristics exist in the oligopolistic market by writing a YES in the blank for those that do and NO for those that do not.
_____5. Nonprice competitions prevalent
_____7. The sellers marginal revenue is lower than the price.
_____8. Profit is maximized where MR+MC
_____9. A decrease in the price of one seller is usually matched by the price decreases of his rivals.
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Econophysics And Financial Economics An Emerging Dialogue
Authors: Franck Jovanovic, Christophe Schinckus
1st Edition
0190205032, 9780190205034
