- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 1. The Firm and Market Structures
- Subject 8. Oligopoly
CFA Practice Question
Which equilibrium has the highest price?
B. Cournot equilibrium
C. Monopoly equilibrium
A. Competitive market equilibrium
B. Cournot equilibrium
C. Monopoly equilibrium
Correct Answer: C
Monopoly equilibrium has the highest price and lowest output level.
User Contributed Comments 2
| User | Comment |
|---|---|
| bidisha | just remember the graph from the reading...monopolistic was at the top |
| fzhou | Note that cournot is duopoly - duopoly vs. monopoly lol |