Why are firms in oligopoly interdependent?
What will be an ideal response?
Firms in oligopoly are interdependent because each firm has a large market share and so each firm's decisions have a major influence on its competitors' profits.
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Marginal cost refers to the ________ cost incurred when choosing a particular action
A) total B) net C) implicit D) additional
If the yen appreciates in value against the dollar, the dollar must have depreciated against the yen
Indicate whether the statement is true or false
During the 1990s, Japan experienced periods of deflation and very low nominal interest rates, approaching zero percent. Why would lenders of money agree to a nominal interest rate of almost zero?
What will be an ideal response?
Which of the following is a bank asset?
A) checkable deposits B) savings deposits C) borrowings in the federal funds market D) cash items in the process of collection