A common characteristic in oligopolistic markets is
A. consideration of rivals’ reactions.
B. standardized products.
C. high profits.
D. unused capacity.
Answer: A
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In the 1980s, banks lost many of their __________ borrowers, because these borrowers were able to sell their commercial paper to __________
A) small; savings-and-loan associations B) small; money market mutual funds C) large; savings-and-loan associations D) large; money market mutual funds
Shares in XM Radio currently sell for $20. If the satellite it plans to launch works well, the share value will increase by $35. If the satellite fails to function, the share price will fall by $5. The expected return of the stock is
a. 25%. b. 50%. c. 75%. d. 100%.
Other things the same, when the price level falls, interest rates
a. rise, which means consumers will want to spend more on homebuilding. b. rise, which means consumers will want to spend less on homebuilding. c. fall, which means consumers will want to spend more on homebuilding. d. fall, which means consumers will want to spend less on homebuilding.
Incentives matter
What will be an ideal response?