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Author Question: Which of the following will happen if a new firm enters in an oligopoly with differentiated ... (Read 57 times)

haleyc112

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Which of the following will happen if a new firm enters in an oligopoly with differentiated products?
 
  A) Market price will fall.
  B) Market price will rise.
  C) Existing firms will gain market share.
  D) Each firm will have an equal market share.

Question 2

If an external benefit is present, then the
 
  A) marginal private benefit curve lies above the marginal private cost curve.
  B) marginal social benefit curve lies above the marginal private benefit curve.
  C) marginal social cost curve lies above the marginal private benefit curve.
  D) marginal social benefit is equal to the marginal social cost.
  E) marginal social benefit curve is the same as the marginal private benefit curve.


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k2629

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haleyc112

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


Sarahjh

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Reply 3 on: Yesterday
Excellent

 

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