Multiple Choice
Imperfect competition does not mean "no competition.Many firms have rivals but are still in an imperfect competition industry.A rival wants to do which of the following:
A) increase profits.
B) increase market share.
C) advertise to shift out their demand curve.
D) all of the above.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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