If the firms in an oligopolistic industry can establish an effective cartel, the resulting output and price will approximate those of Group of answer choices a purely competitive producer. a pure monopoly. a monopolistically competitive producer. an industry with a low four-firm concentration ratio.

Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand.b. price increases have failed to bring about demand management.c. demand exceeds capacity.d. demand exceeds 100 percent.e. the existing product has seasonal or cyclical demand.