Which would be most characteristic of oligopoly?
A. Product standardization.
B. Mutual interdependence.
C. Easy entry into the industry.
D. Many large producers.
Answer: B
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If the dollar interest rate is 10 percent, the euro interest rate is 12 percent, then
A) an investor should invest only in dollars if the expected dollar appreciation against the euro is 4 percent. B) an investor should invest only in euros an investor should invest only in dollars if the expected dollar appreciation against the euro is 4 percent. C) an investor should be indifferent between dollars and euros an investor should invest only in dollars if the expected dollar appreciation against the euro is 4 percent. D) an investor should invest only in dollars. E) an investor should invest only in euros.
A business cycle is the:
a. period of time in which expansion and contraction of economic activity are equal. b. period of time in which there are three phases: peak, depression, and recovery. c. recurring growth and decline in real GDP. d. period of time in which a business is established and ceases operations.
People with fixed incomes fare best in an inflationary period
a. True b. False Indicate whether the statement is true or false
Since World War II, there has been a worldwide movement away from free trade policies
a. True b. False