An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in reaction to changes it initiates
a. True
b. False
Indicate whether the statement is true or false
True
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Assuming that the exchange rate rises by 5 percent, hence, the dollar volume of exports rises by 5 percent, then foreign exchange earnings would
a. remain constant. b. increase by 5 percent. c. actually decrease by 5 percent. d. increase by 10 percent.
The consumer price index (CPI) is a measure of inflation for
A) farmers. B) an elderly couple recently retired to Yuma, Arizona. C) Apple Computer. D) a typical consumer of the market basket used to calculate the index.
When there is a permanent fall in the domestic money supply, the exchange rate:
a. falls in the short run and rises slightly in the long run. b. falls in the short run and falls more in the long run. c. rises in the short run and falls slightly in the long run. d. rises in the short run and rises more in the long run.
What are the three types of transactions between the residents of different countries?
What will be an ideal response?