The various models of oligopoly explain observed behavior in different industries, but none is satisfactory as a general theory of oligopoly
a. True
b. False
A
Economics
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Unlike markup pricing, the strategy of price discrimination is totally independent of the price elasticity of demand for the good in question
Indicate whether the statement is true or false
Economics
In California, proposition 209 eliminated racial preferences in college admissions
Indicate whether the statement is true or false
Economics
Under perfect competition, at the profit-maximizing level of output:
a. price is greater than marginal revenue. b. price is equal to marginal revenue. c. marginal revenue is equal to zero. d. the marginal revenue curve is upward sloping. e. the average revenue curve is upward sloping.
Economics
If Real GDP is $6 billion and the population is 300,000, per-capita Real GDP is
A) $30,000. B) $20,000. C) $33,333. D) $39,434.
Economics