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Author Question: The quantity demanded for a duopolist's product is zero if ________. A) it charges a lower price ... (Read 88 times)

itsmyluck

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on: Jun 29, 2018
The quantity demanded for a duopolist's product is zero if ________.
 
  A) it charges a lower price than its rival
  B) it charges a higher price than its rival
  C) it charges the same price as its rival
  D) it can produce the product at a lower cost

Question 2

If ranchers in Texas fear a sharp drop in cattle prices next year, they will probably
 
  A) bring less cattle to market this year.
  B) bring more cattle to market this year.
  C) keep supply unchanged now and bring more cattle to market next year.
  D) keep supply unchanged now and bring less cattle to market next year.
  E) do none of the above.


xiaomengxian

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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