Which of the following are benefits associated with the oligopoly model?
A. pricing at marginal cost
B. allocative efficiency
C. product variety and innovation
D. None of the above are benefits associated with the oligopoly model.
Answer: C
You might also like to view...
In the absence of property rights, factories will dump waste into a waterway up to the point where ________ equals ________
A) marginal social cost; marginal social benefit B) marginal social cost; marginal private cost C) marginal private cost; marginal private benefit D) marginal private cost; marginal social cost
A coupon bond that has no maturity date and no repayment of principal is called a
A) consol. B) cabinet. C) Treasury bill. D) Treasury note.
Bonds receiving one of the top four ratings are considered:
A) junk B) speculative C) AAA D) investment grade
If an industry is dominated by three large producers whose revenues represent 30%, 30%, and 30% of the market's total revenues with the remaining two firms each representing 5%, what would be the measure of the Herfindahl-Hirschman Index for this industry?
a. 2,725 b. 2,750 c. 9,975 d. 10,000