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
You might also like to view...
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.
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
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.
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.