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Author Question: The figure above shows the market for airplanes. Suppose the airplane market is an oligopoly. ... (Read 82 times)

APUS57

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The figure above shows the market for airplanes.


Suppose the airplane market is an oligopoly. According to the figure above, if the firms act as a monopolist, the quantity produced will be ________ planes per week, and if the firms act as competitors, the quantity produced will be ________ planes per week.
◦ 6; 12
◦ 12; 6
◦ 0; 6
◦ 12; 0
◦ None of these answers is correct.


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Marked as best answer by APUS57 on May 24, 2019

amy.lauersdorf90

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APUS57

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review


nyrave

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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