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May 30, 2015

Homework Help: micro

Posted by whhgn on Thursday, November 2, 2006 at 12:30am.

which of the following statements is true of the oligopoly that can cover its varible costs and si in equilibrium?
a:p=mc=atc
b:p>mc
c:p>mr and p=mc
d:p<mc and mr=MC

and WHy

What is "si"?

Graph an oligopolist, facing a downward sloping demand curve. Draw in your marginal cost curve and your average variable cost curve that are consistent with your given assumptions. Find the optimal production point, and you will have your answer.

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