Question: D . AT&T sets a high price and Verizon sets a low price.Is the equilibrium efficient?OA . Yes because price, which equals marginal benefit, equals
D AT&T sets a high price and Verizon sets a low price.Is the equilibrium efficient?OA Yes because price, which equals marginal benefit, equals marginal cost.B Yes because firms in an oligopoly market are always efficient.OC No because firms in an oligopoly market are never efficient.D No because given the equilibrium both firms will want to develop new products.
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