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21) Assume oligopoly firms are profit maximizers, they do not form a cartel, and they take other firms' production levels as given. Then in equilibrium the output effect __________. A. can be larger or smaller than the price effect B. must be smaller than the price effect C. must dominate the price effect D. must balance with the price effect
Assume oligopoly firms are profit maximizers, they do not form a cartel, and they take other firms' production levels as given. Then in equilibrium the output effect must balance with the price effect.
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Asked 10/7/2013 3:50:24 PM
Updated 9/17/2016 1:31:14 PM
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Edited by jeifunk [9/17/2016 1:31:14 PM]
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Assume oligopoly firms are profit maximizers, they do not form a cartel, and they take other firms' production levels as given. Then in equilibrium the output effect must balance with the price effect.
Added 9/16/2016 7:29:15 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [9/17/2016 3:48:01 AM]
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91) Which article of the United States Constitution deals with the judicial power of the federal government? A. Article III. B. Article IV. C. Article II. D. Article V. E. Article I.
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Updated 9/11/2017 6:49:49 AM
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Article III of the United States Constitution deals with the judicial power of the federal government.

Added 9/11/2017 6:49:49 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/11/2017 7:25:23 AM]
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