A duopoly is a form of oligopoly with two firms.
Answer the following statement true (T) or false (F)
True
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Who bears the costs of a program to control rents at a maximum level?
A) landlords or owners of housing units B) consumers who face difficulty moving to a more suitable apartment C) homeless who cannot find rental units D) all of these
Refer to the above figure. Ajax and Greenco are oligopolists. Above you are given the payoff matrix for the two firms giving the payoff associated with different pricing strategies. What is the dominant strategy for Greenco?
A) high price B) low price C) There is no best strategy. D) Not enough information is given to determine the best strategy.
Government spending can ____________ certain elements of long-term growth
a. discourage b. negate c. encourage d. compromise
What amount of money was appropriated by Congress for the Troubled Asset Relief Program?
A. $225 billion B. $252 billion C. $700 billion D. $787 billion