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Author Question: One thing oligopolists must do in order to determine their optimal strategy is (Read 119 times)

Mr.Thesaxman

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on: Apr 19, 2019

Question 1

In general, oligopolists compete


◦ on price alone.
◦ on many dimensions except for price.
◦ on price, R&D, and marketing and advertising.
◦ None of these. There is no competition in oligopolistic industries.

Question 2

One thing oligopolists must do in order to determine their optimal strategy is


◦ anticipate the reaction of their customers to their strategy.
◦ ignore the reaction of their rivals to their strategy.
◦ ignore the reaction of their customers to their strategy.
◦ produce a unique product which has no close substitutes.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Mr.Thesaxman on Apr 19, 2019

softEldritch

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Reply #1 on: Apr 19, 2019
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Mr.Thesaxman

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Reply #2 on: Apr 19, 2019
Excellent


softEldritch

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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