All else equal, in which oligopolistic market below would one expect the markup to be the smallest?
A. An oligopolistic market with inelastic demand and a very few firms
B. An oligopolistic market with elastic demand and a very few firms
C. An oligopolistic market with inelastic demand and a greater number of firms
D. An oligopolistic market with elastic demand and a greater number of firms
C. An oligopolistic market with inelastic demand and a greater number of firms
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Empirical evidence indicates that higher real interest rates lead to ________ in savings.
A. no change in B. modest increases C. modest decreases D. substantial increases
The era of free agency dawned in major sports in
A. 1985. B. 1977. C. 1998. D. 1946.
Joe and Linda have the opportunity to purchase a new home. The house in Glen Oaks is currently worth $250,000 but is predicted to be worth $270,000 in a year. What is the rate of appreciation for the house from one year to the next?
A. 5 percent B. 6 percent C. 7 percent D. 8 percent