The profit-maximizing level of output and the profit-maximizing price for an oligopolist cannot be calculated when we don't know
A) what the concentration ratio for the oligopolist's industry is.
B) what the minimum efficient scale in the oligopolist's industry is.
C) the demand curve and the marginal revenue curve of the oligopolist.
D) the type of barrier to entry that exists in the oligopolist's industry.
Answer: C
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If for some reason Americans desired to increase their purchases of foreign assets, then other things the same
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In the graph showing aggregate demand and aggregate supply after a positive supply shock, we can see that a positive supply shock would cause______.
a. a leftward shift in the aggregate demand curve
b. a rightward shift in the aggregate demand curve
c. a leftward shift in the short-run aggregate supply curve
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