Which of the following is characteristic of oligopoly firms, but not of monopolistically competitive firms?
a. firms seek to maximize profits
b. firms face downward-sloping demand curves
c. the pricing behavior of one firm has a significant effect on the sales of other firms
d. firms have at least some ability to influence price
c
You might also like to view...
If the dollar appreciates, how will aggregate demand in the United States be affected?
A) Aggregate demand will shift to the right as exports increase. B) Aggregate demand will shift to the right as imports increase. C) Aggregate demand will shift to the left as exports increase. D) Aggregate demand will shift to the left as imports increase.
Interlocking directorates are illegal under the Clayton Act only when their effect is to lessen competition substantially
a. True b. False Indicate whether the statement is true or false
The payments to owners of capital include
a. interest and profits. b. debt and taxes. c. wages and salaries. d. expenses and bonuses. e. All of the above are correct.
Existing employees prefer:
A. negative elastic supplies of labor. B. elastic supplies of labor. C. unit-elastic supplies of labor. D. inelastic supplies of labor.