Multiple Choice
A "price leader" in an oligopoly should know that:
A) all firms in this product-market probably will have the same costs.
B) setting the price at the level of the kink will maximize profits.
C) competitors are sure to raise their prices if he raises his price.
D) All of the above.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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