A market structure in which there are a few interdependent firms is called:
A. oligopoly.
B. monopoly.
C. monopolistic competition.
D. perfect competition.
Answer: A
You might also like to view...
How do Canada and the United Kingdom deliver healthcare and what is the problem left unresolved?
What will be an ideal response?
The following are reasons for studying randomized controlled experiment in an econometrics course, with the exception of
A) at a conceptual level, the notion of an ideal randomized controlled experiment provides a benchmark against which to judge estimates of causal effects in practice. B) when experiments are actually conducted, their results can be very influential, so it is important to understand the limitations and threats to validity of actual experiments as well as their strength. C) randomized controlled experiments in economics are common. D) external circumstances sometimes produce what appears to be randomization.
The cure for inflation can come only from changes on the demand side
a. True b. False Indicate whether the statement is true or false
A fiscal policy in which the government attempts to offset any change in aggregate expenditures that would create a business cycle is called a:
A. supply-side policy. B. countercyclical fiscal policy. C. laissez-faire policy. D. regulatory policy.