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Question: Test Exam 3 This Question: 2 pts When oligopolies operate like firms in perfect competition, the ...
Question: Test Exam 3 This Question: 2 pts When oligopolies operate like firms in perfect competition, the ...
Question: Test Exam 3 This Question: 2 pts When oligopolies operate like firms in perfect competition, the ...

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Show transcribed image text Test Exam 3 This Question: 2 pts When oligopolies operate like firms in perfect competition, the frms produce at the point where the O A. price exceeds the marginal cost by the greatest amount O B. marginal cost equals the average total cost. O C. price is less than the marginal cost. O D. marginal cost equals the price. O E. price equals the average total cost. ECON 208 Spring 2017 13 of 50 (0 complete)

Test Exam 3 This Question: 2 pts When oligopolies operate like firms in perfect competition, the frms produce at the point where the O A. price exceeds the marginal cost by the greatest amount O B. marginal cost equals the average total cost. O C. price is less than the marginal cost. O D. marginal cost equals the price. O E. price equals the average total cost. ECON 208 Spring 2017 13 of 50 (0 complete)