For an oligopoly, when the quantity effect does not outweigh the price effect, the firm:

A. has an incentive to increase output.
B. has no incentive to decrease output.
C. has no incentive to increase output.
D. None of these statements is true.

C. has no incentive to increase output.

Economics

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The major reason the market demand curve for labor slopes downward is because:

a. at lower wage rates, workers are less willing to supply labor to the market. b. at lower wage rates, workers are more willing to supply labor to the market. c. of the law of diminishing marginal product d. of the law of diminishing marginal resource cost.

Economics

In the short run, which factor is not relevant in profit-maximizing output decisions?

a. wage rates b. raw material costs c. mortgage costs d. energy costs e. market price

Economics