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When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is?

When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is?
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When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is?

User Abishek Thangaraj
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1 Answer

2 votes

Answer:

Less than the price charged by a monopoly and more than the price charged by a competitive market.

User Mohan Narayanaswamy
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