Economics · Market Structure
In the dominant firm model, the fringe firms:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of these
- 2Determine their price and output before the dominant firm determines its price and output
- 3Maximize profit by equating average revenue and average cost
- 4Are price takers✓
Correct answer
Are price takers
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