Which of the following firms is in an oligopoly?
A. Verizon (a cellular phone company)
B. United Airlines (an airline company)
C. Marlboro (a cigarette manufacturer)
D. All of these are in an oilgopolistic market structure.
Answer: D
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Suppose that John allocates $10,000 of his disposable income for necessities. Any additional income beyond that is both spent and saved. Assume he has a disposable annual income of $50,000 and an MPC=0.8. Based on this information the additional amount spent on non-necessities should be:
A. $10,000. B. $40,000. C. $35,000. D. $32,000.
"The short-run Phillips curve shifts leftward when the inflation rate rises." Is the previous statement correct or incorrect?
What will be an ideal response?
The segments of a CMO are also called
A) tranches. B) coupons. C) obligations. D) revenues.
Federal deposit insurance in the United States began in
A) 1864. B) 1933. C) 1968. D) 1984.