Multiple Choice
The figure given below represents the output choices of each of the two oligopolists, given the choices of its competitor.QA and QB are the quantities of output produced by Producer A and Producer B.The marginal cost of production is zero for both producers.
-Refer to.If Producer A and Producer B act as a price-takers what will be the total output produced in the market?
A) 12 units
B) 6 units
C) 4 units
D) 2 units
Correct Answer:
Verified
Correct Answer:
Verified
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