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Basic Question 6 of 17
In an oligopoly market, the price elasticity of demand for a firm is assumed to be ______
B. greater if the price is decreased and less if the price is increased.
C. the same whether the price is increased or decreased.
A. greater if the price is increased and less if the price is decreased.
B. greater if the price is decreased and less if the price is increased.
C. the same whether the price is increased or decreased.
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Learning Outcome Statements
explain supply and demand relationships under oligopoly, including the optimal price and output for firms as well as pricing strategy
CFA® 2025 Level I Curriculum, Volume 1, Module 1.