An oligopolistic industry in which one firm sets the price is
a. a cartel
b. a duopoly
c. a monopoly
d. price leadership
e. a price-discriminating duopolist
D
You might also like to view...
Explain why only final goods are included in GDP
What will be an ideal response?
For which of the following pairs of goods is the cross elasticity of demand positive?
A) tennis balls and tennis rackets B) videotapes and laundry detergent C) airline trips and textbooks D) beef and chicken
Among potential stores of value, money
A) offers the highest rate of return. B) increases in value during periods of inflation. C) provides more services than the other assets. D) has the advantage of being the most liquid asset.
The primary cause of frictional unemployment is:
a. discouraged workers who give up looking for work. b. fluctuations in aggregate demand. c. the lack of training and marketable qualifications in job seekers. d. inaccurate information about job opportunities.