Multiple Choice
In the dominant firm model of oligopoly,the dominant firm maximizes profits by producing at the point where:
A) its marginal revenue is equal to its marginal cost.
B) the market demand equals the supply by the competitive fringe firms.
C) its marginal cost curve intersects the market demand curve.
D) its demand curve coincides with the market demand curve.
Correct Answer:

Verified
Correct Answer:
Verified
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