The Quantity That Is Set by the Dominant Firm in an Oligopolistic

Multiple Choice

The quantity that is set by the dominant firm in an oligopolistic industry:

A) is based on the price set by other firms.
B) is at the level where its marginal revenue and marginal cost are equal.
C) is equal to the total industry output.
D) ensures that there is zero economic profit in the industry.
E) is equal to the output produced in a perfectly competitive industry.