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ss7ja [257]
3 years ago
8

In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as

Business
1 answer:
tamaranim1 [39]3 years ago
7 0

In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as the output effect is larger than the price effect. An oligopoly happens when there is limited competition because there are only a small number of producers or sellers in the market. Due to limited competition there is no need for most of these businesses to produce more unless the output is going to produce more and become sustainable for their consumers demand.

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Which of the following is NOT one of the managerial considerations in determining how to compete successfully? How should a comp
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D. The company should pursue, the long-term direction management.

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B. conduct a sustainable competitive method and compete against rivals.

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