The equilibrium quantity in markets characterized by oligopolyis a.higher than i

Question

The equilibrium quantity in markets characterized by oligopolyis a.higher than in monopoly markets and higher than in perfectlycompetitve markets. b.higher than in monopoly markets and lower than in perfectlycompetitive markets. c. lower than in monopoly markets and higher than in perfectlycompetitive markets. d.lower than in monopoly markets and lower than in perfectlycompetitive markets. The equilibrium quantity in markets characterized by oligopolyis a.higher than in monopoly markets and higher than in perfectlycompetitve markets. b.higher than in monopoly markets and lower than in perfectlycompetitive markets. c. lower than in monopoly markets and higher than in perfectlycompetitive markets. d.lower than in monopoly markets and lower than in perfectlycompetitive markets.

Explanation / Answer

C. Monopoly markets are lower while competitve markets are higher for an oligopoly markey characterized by an equilibrium price.

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