Assume That There Is an Oligopoly Consisting of Firms of Different

Multiple Choice

Assume that there is an oligopoly consisting of firms of different sizes.If a small firm increases output by 25 percent,the price effect realized by the small firm will be ________.If a large firm increases output by 25 percent,the price effect realized by the large firm will be ________.

A) nonexistent; negligible
B) negligible; nonexistent
C) nonexistent; substantial
D) substantial; nonexistent
E) negligible; substantial