If an oligopolist incurs losses in the short run, then in the longrun

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Question:

If an oligopolist incurs losses in the short run, then in the longrun

A.

The oligopolist will go out of business

B.

The oligopolist will stay in business

C.

The oligopolist will break-even

D.

Any of the above

Answer» d. Any of the above

Note: The above multiple-choice question is for all general and Competitive Exams in India.