Which of the following firms is likely to have the greatest market power?

a. an electric company
b. a farmer
c. a grocery store
d. a local electronics retailer


a

Economics

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The ceteris paribus assumption means

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The welfare loss associated with the outcome in a colluding oligopoly is:

A. smaller than that of a perfectly competitive outcome. B. smaller than that of a competitive oligopoly. C. the same as that of a perfectly competitive outcome. D. None of these statements is true.

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Cost-push inflation is caused by:

a. an increase in short-run aggregate supply. b. a decrease in short-run aggregate supply. c. an increase in long-run aggregate supply. d. a decrease in long-run aggregate supply.

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