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.

## Answer This Question

## Related Questions

- Economics - you are hired as the consultant to a monopolistically competitive ...
- economics - Assume the graph below represents the market demand for a patented ...
- economics - Assume the graph below represents the market demand for a patented ...
- Economics*Micro - A market has the following demand and supply equations: Qd = -...
- Math - The demand for item A is P=40 -3.5Q The production of A entails the ...
- Economics - The market demand in a Bertrand duopoly is P = 15 - 4Q, and the ...
- economics - 6)Assume the graph below represents the market demand for a patented...
- Advanced MicroEconomics - In a competitive market, there are two groups of ...
- Advanced MicroEconomics - In a competitive market, there are two groups of firms...
- calculus - If a function f is continuous for all x and if f has a relative ...

More Related Questions