TaliaS9952 TaliaS9952

04-02-2024
Business

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Suppose costs for all oligopolists in an industry increase to such an extent that the marginal cost curve shifts out of the gap in the marginal revenue curve. Which of the following is the most probable response of oligopolists?

A) An increase in output and a decrease in price.
B) A decrease in output and an increase in price.
C) No change in output or price.
D) Collaboration to collectively decrease prices.

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