In a Sweezy oligopoly, the profit-maximizing level of output occurs where mr=mc.
Paul M. Sweezy created the oligopoly's kinked demand curve in 1939. The model explains how oligopolistic groups behave rather than placing emphasis on how price-output determination occurs.
With an equilibrium output of Q units and an equilibrium price of P, the oligopolist maximizes profits by equating marginal income with marginal cost.
Due to each company's desire to maximize profits, there is frequently intense competition among them when it comes to pricing, production, and promotion.
The main distinction between a monopolist and a perfectly competitive firm is that although for a monopolist, marginal revenue is not equal to the price since changes in output quantity affect the price.
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different races have different opportunities
All of the above are marketed
Answer:
The correct answer is C
Explanation:
Constraint is the term which is defined as something which will controls or limits the person or an individual what the person can do. Their decision depends or grounded on the constraint.
In this case,Oliver wants to buy the new equipment in order to complete the project. The budget is depend or grounded on the grant awarded by the company. So, it is an example of a constraint project.
