Imagine a duopoly in which two firms, A and B, produce the monopoly profit-maximizing output and equally share the economic profit. If firm A increases output,
A) both firms' profits increase.
B) firm A's profits increase and firm B's profits decrease.
C) firm B's profits increase and firm A's profits decrease.
D) both firms' profits decrease.
E) firm A's profits increase and firm B's profits do not change.
B
Economics
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Workers can reduce the chance of an employer lying by
A) obtaining more information about the firm's performance. B) having a representative on the board of directors. C) requiring that employers share the cost of an economic downtown. D) All of the above.
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Real GDP is another term for
A. current dollar GDP. B. actual GDP. C. constant dollar GDP. D. tangible GDP.
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