The optimal output and hence the supply curve for an
The optimal output and hence the supply curve for an oligopoly is
a. does not exit as it depends on whether firms compete in price or in quantity.
b. the part of MC above its AVC.
c. the part of MC above its ATC.
d. its ATC.
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the optimal output and hence the supply curve for an oligopoly isa does not exit as it depends on whether firms compete
a natural monopoly can charge a price above mc where mc mr becausea it has economies of scale to produce what others
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