Oligopolies can result from any of the following EXCEPT
A. government regulation.
B. economies of scale.
C. vertical mergers.
D. diseconomies of scale.
Answer: D
You might also like to view...
Which of the following provides the best explanation of why money is valuable?
a. Money is valuable because it is declared legal tender by the government issuing it. b. Money is valuable because it is scarce relative to the demand for the services it provides. c. Money is valuable because it is backed by precious metals, primarily gold and silver. d. Money is valuable because it has intrinsic value, independent of its use as a means of exchange.
Which is not a good method of providing public type goods by private means?
A. Clubs B. Free markets with competing entrepreneurs C. Funding by donation D. Private contracts
If the marginal propensity to save is 0.4 and disposable income increases from $1,000 to $2,000, saving will increase
A. $400. B. $200. C. $300. D. $100.
Answer the following questions true (T) or false (F)
1. Issuing tradable emission allowances to polluting firms will result in those firms polluting more than is socially desirable. 2. A perfectly competitive firm's horizontal demand curve implies that the firm does not have to lower its price to sell more output. 3. The market demand curve for a perfectly competitive industry is the horizontal summation of each individual firm's demand curve.