Under oligopoly, there are ________ firms selling products that are ________

A) many; either identical or different
B) a few; either identical or different
C) many; different
D) a few; identical


B

Economics

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Which of the following is an example of consumer surplus?

A) Jose buys a hamburger for $2 and tells you he would not have paid a penny more. B) John believes the price he paid for his computer was too high. C) Mary buys a paper tablet for $2 and finds the same good at another store for $1.50. D) Sue would have paid $15 for a new compact disc but paid only $10. E) Anne finds a mountain bike for which she is willing to pay a maximum of $550 and the price of the bike is $600.

Economics

Which of the following products allows the seller to identify different groups of consumers (segment the market) and practice price discrimination?

A) clothing items sold through Macy's Department Store B) a cafe latte sold at Starbucks C) tickets to matinee shows at a movie theatre D) a hamburger sold at Burger King

Economics

A feature of debt markets in emerging-market countries is that debt contracts are typically

A) very short term. B) long term. C) intermediate term. D) perpetual.

Economics

The Herfindahl-Hirschman Index is used to measure

A) brand recognition. B) the ease of market entry. C) market power. D) none of these choices.

Economics