Profit Maximizing Under Perfect Competition & Monopoly Mcqs


Q.  Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?

a. decrease; decrease
b. increase; decrease
c. decrease; increase
d. increase; increase


ANSWER: See Answer
 
No explanation is available for this question!
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