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Economics
MEDIUM
ENGLISH
Economics
Suppose an oligopolist individually maximizes its profits. When calculating profits, if the output effect exceeds the price effect on the marginal unit of production, then the oligopolist ?
Should produce more units
Correct answer
B
has maximized profits.
Option B
C
is in a Nash equilibrium
Option C
D
Should produce fewer units
Option D
Correct answer: A
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