Log in
Economics
8
answers
0
watching
266
views

In a duopoly, if one firm increases its price, then the other firm can:
 
A. Keep its price constant and thus increase its market share.
B. Keep its price constant and thus decrease its market share
C. Increase its price and thus increase its market share
D. Decrease its price and thus decrease its market share

Watch
8
answers
0
watching
266
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

A perfectly competitive firm is producing at an output level where marginal cost is $8 and average total cost is $7. The current price of the good is $7.5. To maximize its profit, this firm should Assume that the firm is currently operating in the increasing portion of the marginal cost curve. A. increase its output B. raise its price C. raise its price and decrease its output D. lower its price E. decrease its output

The entry of new firms into a competitive market will

A. increase market supply and increase market price

B. decrease market supply and increase market price

C. increase market supply and decrease market price

D. decrease market supply and decrease market price

If a monopolys fixed costs increase, its price will _____, and its profit will _____.

a. increase, decrease. 

b. decrease, increase.

c. increase, stay the same. 

d. stay the same, decrease. 

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in