In a Cournot oligopoly, the ________ firms in the market, the ________ the equilibrium quantity and the ________ the equilibrium price.
A) less; larger; lower
B) less; smaller; lower
C) more; larger; lower
D) more; smaller; higher
C) more; larger; lower
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Fill in the blank: Firms under perfect competition would enjoy ________ market power
A) absolutely no B) some C) much D) total
The developing area receiving the largest share of direct foreign investment is
(a) Africa. (b) Asia. (c) Latin America. (d) Transition economies.
If the required reserve ratio is .10, demand deposits are $200 million, and total reserves are $40 million, then excess reserves are
A) $20 million. B) $40 million. C) $400 million. D) $2,000 million.
On which of the following assets are you most likely to earn interest income?
A. Cash and currency B. Checkable deposits C. Money market deposit accounts D. Gold and other precious metals E. All of these responses are correct.