Author Question: An oligopoly with a dominant price leader will produce a level of output (Read 47 times)

Capo · **on:** Apr 19, 2019

Question 1

An oligopoly with a dominant price leader will produce an output level that is ________ than the output level that would prevail if the industry were a monopoly and sells it at a price that is ________ than the price that would prevail if the industry were a monopoly.

◦ higher; higher
◦ higher; lower
◦ lower; lower
◦ lower; higher

Question 2

An oligopoly with a dominant price leader will produce a level of output

◦ equal to what a monopolist would choose in the same industry.
◦ between that which would prevail under competition and that which a monopolist would choose in the same industry.
◦ between that which would prevail under competition and that which a monopolistic competitor would choose in the same industry.
◦ that would prevail under competition.

durant1234 · **Reply #1 on:** Apr 19, 2019

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

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