An oligopolist may engage in short-run behaviour that results in lower profits if

Related MCQs

• Which of the following is an example of strategic behaviour?
• Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?
• The larger the diameter of a natural gas pipeline, the lower is the average total cost of transmitting 1,000 cubic feet of gas 1,000 miles. This is an example of:
• In a cartel, member firms may be given a fixed amount to produce. This amount is called
• A firm may decide to increase its scale so that it has excess production capacity because, by doing so, it is able to