QUESTION 30 average total cost QUESTION 31 It duopolists individually pursue the

Question

QUESTION 30 average total cost QUESTION 31 It duopolists individually pursue their own self-interest when deciding how much to produce, the amount they will produce collectively wil quantity quantity O c be greater than the monopoly quantity o d Any of the above are possible Status: QUESTION 32 o a makes at least one player better off without hurting the competitiveness of any other player s of what strategies other players follow QUES TION 33 1 points Save ndustry In J quankey songs By February e a Sonny and Cher will each break the agreement b Sorry and Ow wil each break the agreement The new equilibrium quankity of songs will increase, and the new equillbrium price also will increase The new eqibrium quarety of songs will decrease and the new equlibrium price will increase c Sonny and Cher vill determine that it is in each singers best self interest to maintain the agreement d Sonny

Explanation / Answer

Q. 30
Option d
Since they have ability to charge more because of market nature, monopolists keep prices above the MC where the line touches at AR curve or demand curve

Q. 31
Option c
Because of competition they would produce a total quantity greater than the monopoly quantity, price lower than the monopoly price and earn total profit less than the monopoly profit

Q. 32
Option c
Because each individual would think in their self interest to earn more profit

Q. 33
Option d
As both of them break agreement, it would lead to increased production which eventually increases supply thereby decreasing the price

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.