Which statement is true?
A. Oligopoly does not exist in the U.S.
B. Most business firms in the U.S. are oligopolies.
C. Most large firms in the U.S. are oligopolies.
D. Oligopoly is virtually all cutthroat in the U.S.
C. Most large firms in the U.S. are oligopolies.
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In the figure above, the second poorest 20 percent of households receive ________ of total income
A) 5 percent B) 10 percent C) 15 percent D) 20 percent
If you heard someone say that coal miners should be paid more wages to enable them to adequately support their families, that would be a statement of
a. positive economics. b. normative economics. c. radical economics. d. None of these.
Among state member and national banks, __________ have federal deposit insurance through the FDIC
A) all B) virtually all C) a minority D) none of them
Which of the following have their profits taxed twice?
a. sole proprietorships b. partnerships c. corporations d. nonprofit institutions e. S-corporations