2008 CFA Level 1 － Sample 样题(3)－Q30 likely, perfect, companies, experience, face

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30、As compared with acting independently, a group of oligopolistic companies operating with perfect cooperation will most likely experience an increase in:

A. both output and prices.

B. neither output nor prices.

C. output and a decrease in prices.

D. prices and a decrease in output.

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答案和详解如下：

30、Correct answer is D

"Monopolistic Competition and Oligopoly," Michael Parkin

2008 Modular Level I, Vol. 2, pp. 228-230

Study Session 5-20-b

determine the profit-maximizing (loss-minimizing) output under monopolistic competition and oligopoly, explain why long-run economic profit under monopolistic competition is zero, and determine if monopolistic competition is efficient

As the companies agree to restrict output, market price will rise above average total cost and joint economic profits will accrue.

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