Compared to the perfect competitor in the long run, the cutthroat oligopolist has a _________. a) lower
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Compared to the perfect competitor in the long run, the cutthroat oligopolist has a _________.
a) lower price and lower profits
b) higher price and higher profits
c) higher price and lower profits
d) lower price and higher profits
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The correct answer is b higher price and higher profits Cutthroat oligopolists have a high...View the full answer
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