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Reference the graph, which shows the costs and revenue for a firm operating as a noncollusive oligopolist. When the marginal cost curve decreases from MC1
Reference the graph, which shows the costs and revenue for a firm operating as a noncollusive oligopolist. When the marginal cost curve decreases from MC1 to MC2, how will the profit-maximizing price and quantity adjust? Multiple choice question. The profit-maximizing quantity will not change, but price will decrease. Both the profit-maximizing quantity and price will decrease. The profit-maximizing quantity will decrease, but price will not change. The profit-maximizing quantity and price do not change
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