Firms in an oligopoly market tend to be ____ and have ____ barriers to entry.
a. large (relative to the total market); high.
b. large (relative to the total market); low.
c. small (relative to the total market); high.
d. small (relative to the total market); low
Ans: a. large (relative to the total market); high.
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The evidence from banking crises in other countries indicates that
A) deposit insurance is to blame in each country. B) a government safety net for depositors need not increase moral hazard. C) regulatory forbearance never leads to problems. D) deregulation combined with poor regulatory supervision raises moral hazard incentives.
Which firm has higher fixed costs?
a. Jim's Production b. Competitor c. They both have the same fixed costs d. Need more information
The immediate-short-run aggregate supply curve is:
A. downsloping. B. upsloping. C. vertical. D. horizontal.