In oligopoly outcomes, the dominant firm's profitability depends ...

[biggirl4568]

In oligopoly outcomes, the dominant firm's profitability depends on how the fringe, consisting of small competing sellers, responds to its choices.
  Indicate whether the statement is true or false

Question 2

When practicing price discrimination, a firm can increase its revenue by:
 a. charging a higher price to the customers with a more inelastic demand.
  b. charging a higher price to the customers with a perfectly elastic demand.
  c. supplying more in a market with a more inelastic demand.
  d. supplying less in a market with lower elasticity of demand.
  e. charging a lower price in a market dominated by wealthy consumers.

[ricroger]

Answer to Question 1

T

Answer to Question 2

a

[biggirl4568]

Thanks for the timely response, appreciate it

[ricroger]

TYSM