To the extent that oligopolies ________, there is the promise of new and exciting products.
A. differentiate their products
B. advertise
C. produce homogeneous products
D. Both A and B are correct.
Answer: D
You might also like to view...
Based on the table below and the principle of diminishing returns to capital, then total packages wrapped when a fourth machine is installed must be less than ________ packages.Number of (Identical) MachinesTotal Packages Wrapped15,00029,000312,000
A. 3,000 B. 12,000 C. 4,000 D. 15,000
You go to work today, but will get your paycheck at the end of the month. This is an example of money serving as a
A) store of value. B) unit of accounting. C) standard of deferred payment. D) medium of exchange.
This Application illustrates
A) how U.S. domestic manufacturers of auto parts have been adversely affected in recent years. B) that U.S. parts manufacturers are now facing increasing global pressures. C) the trade-offs inherent in a global economy. D) all of the above.
More and more firms use ____ to determine prices
A) market research. B) competitive comparisons. C) internet auctions. D) games.