In general, oligopolists compete

A. on many dimensions except for price.
B. on price, R&D, and marketing and advertising.
C. on price alone.
D. None of the above. There is no competition in oligopolistic industries.


Answer: B

Economics

You might also like to view...

If the marginal propensity to consume (MPC) is 0.90, the value of the spending multiplier is 90

a. True b. False Indicate whether the statement is true or false

Economics

Economists who believe that market concentration is not harmful to a country's economic well being

a. favor laissez-faire government policies b. think that markets should be regulated c. think that the government should own those monopolies d. like the idea of price controls e. are nonexistent

Economics

To maximize sales revenue, an oligopolist will expand output until the marginal revenue curve cuts the horizontal axis

a. True b. False Indicate whether the statement is true or false

Economics

Small time deposits are included in

a. M1 but not M2. b. M2 but not M1. c. M1 and M2. d. neither M1 nor M2.

Economics