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Figure: Demand 3 If the Two-Firm Oligopoly Facing the Market

Question 24

Multiple Choice

Figure: Demand 3 Figure: Demand 3 If the two-firm oligopoly facing the market in this diagram is currently producing at the competitive output level and one of the firms reduces output by 4 units, the firm's profits would increase from _________________. A) $64 to $96 B) $0 to $24 C) $0 to $48 D) $32 to $48 If the two-firm oligopoly facing the market in this diagram is currently producing at the competitive output level and one of the firms reduces output by 4 units, the firm's profits would increase from _________________.


A) $64 to $96
B) $0 to $24
C) $0 to $48
D) $32 to $48

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