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Refer to Figure 25

Question 22

Multiple Choice

Refer to Figure 25.1 for an oligopoly firm.The existing price and quantity are $10 and 2,000 units.If we assume that rival firms match price decreases but not price increases,the firm's demand curve will most likely be (from left to right) A) D<sub>1</sub>ED<sub>1</sub>. B) D<sub>2</sub>ED<sub>2</sub>. C) D<sub>1</sub>ED<sub>2</sub>. D) D<sub>2</sub>ED<sub>1</sub>. Refer to Figure 25.1 for an oligopoly firm.The existing price and quantity are $10 and 2,000 units.If we assume that rival firms match price decreases but not price increases,the firm's demand curve will most likely be (from left to right)


A) D1ED1.
B) D2ED2.
C) D1ED2.
D) D2ED1.

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