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Which of the Following Statements Is True Regarding Profit-Maximizing Markup

Question 44

Multiple Choice

Which of the following statements is true regarding profit-maximizing markup for a Cournot oligopoly with N identical firms?


A) P[NEF / (1 + NEF) ] = MC
B) P = [(1 + NEF) / NEF]MC
C) P[N(1 + EF) / NEF] = MC
D) P = [NEF / (1 + NEF) ]MC

Correct Answer:

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