Which of the following is NOT a characteristic of oligopoly firms?
A) strategic dependence
B) product differentiation
C) non-price competition, such as advertising and promotions
D) perfectly elastic demand curves
D
You might also like to view...
The result of effective screening and signaling can be:
A. more transactions take place. B. surplus is increased for buyer and/or seller. C. more information is credibly shared. D. All of these statements are true.
The shorter the time until a payment the:
A. higher must be the interest rate. B. higher the present value. C. lower the present value because time is valuable. D. lower must be the interest rate.
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. At the market price of $8 per bushel, if this farmer produces the profit-maximizing level of soybeans, the profit would be
A. $0. B. $2,800. C. $5,600. D. $8,000.
________ argued for a tax on consumption instead of on income because the standard of living depends not on income, but on how much is consumed.
A. Irving Fisher B. Thomas Hobbes C. John Rawls D. Ben Bernanke