An oligopoly between two firms is called
A) a duopoly.
B) an oligopoly; there are no special terms used for oligopolies with different numbers of firms.
C) a biopoly.
D) a dual-firm oligopoly.
A
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Which of the following assertions is false?
A) The Great Depression was a typical business cycle. B) Very rapid growth occurred during World War II. C) Real GDP per capita dipped about 30% during the Great Depression. D) On average, the U.S. economy grows at a rate of 2.1%.
JTPA and other mainstream training programs adequately served the neediest individuals
Indicate whether the statement is true or false
The above table shows the daily production possibilities for a nation. Given the production possibilities schedule in the above table, a combination of 75 televisions and 75 cars
A. cannot be produced by society, given its current level of resources and production technology. B. is attainable but involves the unemployment of some of society's resources. C. clearly illustrates the trade-off between televisions and cars. D. can be produced only if society is willing to have some of its resources used inefficiently.
Perfect price discrimination is also referred to as:
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination.