If a firm has some market power, what becomes true of its output price?

1. A Option A: It is guaranteed to be above the firm's average cost
2. B Option B: It is determined by the actions of other firms in the industry
3. C Option C: It becomes a decision variable for the firm
4. D Option D: It no longer influences the quantity demanded of the firm's product

Answer checked 11 October 2026 · How we write and check questions