When a single firm in an oligopoly market decides to increase output, that firm:
A. feels the quantity effect, but other firms feel the price effect.
B. feels both the quantity effect and price effect, but other firms only feel the price effect.
C. feels the price effect, but other firms feel the quantity effect.
D. feels the price effect, but other firms feel both the price and quantity effects.
B. feels both the quantity effect and price effect, but other firms only feel the price effect.
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If the government stops granting temporary work permits to foreign nationals, the demand for labor will ________, the supply of labor will ________, and the quantity of labor hired will ________
A) increase; decrease; decrease B) increase; decrease; remain the same C) remain the same; increase; decrease D) remain the same; decrease; decrease
The marginal propensity to save is:
a. the change in saving divided by the change in disposable income. b. the change in disposable income divided by the change in saving. c. saving divided by disposable income. d. disposable income divided by saving. e. saving divided by consumption.