In an oligopoly, there are
A) many firms and barriers to entry.
B) many firms and no barriers to entry.
C) few firms and barriers to entry.
D) few firms and no barriers to entry.
E) barriers to entry and only one firm.
C
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Imperfect information can be an entry barrier
Indicate whether the statement is true or false
The U.S. non-institutional adult population consists of all civilians 16 years of age and older except which of the following:
a. those in prison b. those in mental hospitals c. those in homes for the aged d. All of the above are excluded in the U.S. non-institutional adult population
If the market equilibrium value of the nominal exchange rate equals 0.20 U.S. dollars per franc, but the franc is officially fixed at 0.25 U.S. dollars per franc, then the franc exchange rate is ________ and to maintain this exchange rate there will be ________ in the government's stock of international reserves.
A. undervalued; a net increase B. overvalued; a net increase C. overvalued; a net decline D. undervalued; a net decline
If you invest in a foreign company by buying 8 percent of its shares of stock, you have engaged in
A. adverse selection. B. foreign direct investment. C. moral hazard. D. portfolio investment.