A basic characteristic of the firms in an oligopoly market structure is that they are:
a. large (relative to the total market) and interdependent.
b. large (relative to the total market) and independent
c. small (relative to the total market) and interdependent.
d. small (relative to the total market) and independent.
a
You might also like to view...
Give an example of a pair of variables that have a positive correlation, a pair of variables that have a negative correlation, and a pair of variables that have zero correlation
What will be an ideal response?
Suppose that when the price of oranges decreases, Sarita decreases her purchases of peaches. To Sarita
A) oranges and peaches are normal goods. B) oranges and peaches are substitutes. C) oranges and peaches are complements. D) oranges and peaches are inferior goods.
The Interstate Highway system in the U.S. has boosted economic productivity mainly through ________
A) the positive impact on tourism B) reduction in transportation costs C) increased competition among fast food restaurants D) increased speed of military deployments
What causes employers or employees to behave opportunistically?