If one firm left a duopoly market where the firms did not cooperate then
a. price and quantity would rise
b. price would rise and quantity would fall.
c. quantity would rise and price would fall.
d. quantity and price would fall.
b
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In the Supply and Demand of Loanable Funds model in Chapter 3, a decrease in taxes will shift the:
A. investment demand curve to the left. B. investment demand curve to the right. C. savings curve to the left. D. savings curve to the right.
You offer an extended warranty for your product that is purchased by a few customers. If the product typically fails 2% of the time,
a. you should price the warranty at less than 2% of the product price b. you should price the warranty at exactly 2% of the product price c. you should price the warranty at more than 2% of the product price d. Cannot tell from this information