Oligopolists are tempted to produce more than the quantity that would maximize industry
Chapter 0, Problem 5(choose chapter or problem)
Oligopolists are tempted to produce more than the quantity that would maximize industry profits because when they increase output, a. the price effect is zero. b. the quantity effect is zero. c. the price effect equals the quantity effect. d. the price effect is larger than the quantity effect. e. the price effect is spread across multiple firms
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