If a firm in an oligopoly expands its market share at prevailing prices, its competitors
A. Lose market share.
B. Ignore the expansion.
C. Increase their market share.
D. Increase their profits.
Answer: A
You might also like to view...
Real dollar amounts are essentially the same as nominal dollars.
A. True B. False C. Uncertain
Auction Information Austin's Auctions conducts online auctions on behalf of clients trying to dispose of liquidated dental laboratory equipment. Some clients want to keep product information about each of the items as guarded as possible so as to
negotiate from a stronger position. Others provide photos, detailed assessments as well as complete maintenance records. Which group of clients receive higher prices and why?
Generally, as a movie theater adds more screens its average costs fall. The movie theater can be said to experience
a. declining profit b. higher prices c. diseconomies of scale d. economies of scale e. diminishing marginal returns
Which of the following macroeconomic variables would likely be affected by a fiscal policy?
a. The nominal interest rate b. The exchange rate c. The discount rate d. Employment e. Money supply