(Answered) Question suppose an oligopolist individually maximizes its

Economics

Question: Suppose an oligopolist individually maximizes its profits when calculating profits, if the output effect exceeds the price effect on the marginal unit of production, then the oligopolist

a. has maximized profits.

b. should produce more units.

c. should produce fewer units.

d. should exit the industry.

e. is in a Nash equilibrium.

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