Which of the following is not a characteristic of an oligopolistic industry?
A) Substantial barriers to entry.
B) The output produced by the firms in the industry may be homogeneous or differentiated.
C) A small number of large firms.
D) One dominant firm and low entry barriers.
D
You might also like to view...
You have a bond that pays $60 per year in coupon payments. Which of the following would result in an increase in the price of your bond?
A) The price of a share of stock in the company falls. B) Coupon payments on newly-issued bonds fall to $50 per year. C) Coupon payments on newly-issued bonds rise to $80 per year. D) The likelihood that the firm issuing your bond will default on debt increases.
If the MPC is 0.5, and the government cuts spending by $400b, the overall effect on GDP will be:
A. a decrease of $400b. B. an increase of $400b. C. a decrease of $800b. D. an increase of $800b.
National income is the sum of
a. wages and profits. b. wages, interest, profits, and rent. c. interest and rent. d. wages, transfer payments, and tax revenues.
Which demographic groups have the highest poverty rates?
What will be an ideal response?