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What will be the dominant firm's profit maximizing output?  the total output and price produced in an oligopoly market characterized by a dominant firm and a fringe. SF represents the supply curve of the fringe, D is the market demand curve, DRES represents the residual demand curve of the dominant firm, MRRES represents the residual marginal revenue curve of the dominant firm, and MCD represents the marginal cost of the dominant firm.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9491540

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