All of the following can create an oligopolistic structure EXCEPT
A) low barriers to entry.
B) economies of scale.
C) government licensing rules.
D) mergers.
A
You might also like to view...
If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?
a. An increase in quantity of unskilled labor demanded. b. A decrease in the quantity of unskilled labor supplied. c. A shortage of unskilled labor. d. A surplus of unskilled labor (unemployment).
If a decrease in the growth rate of AD leads to a decrease in real GDP in the short run: a. the decrease in AD could have been correctly anticipated
b. the decrease in AD could have been than anticipated c. the decrease in AD would have been completely unanticipated. d. the decrease in AD could have been any of the above.
If Jayla's tax liability increases from $10,000 to $16,000 when her income increases from $30,000 to $40,000, her marginal tax rate is
a. 33 percent. b. 35 percent. c. 50 percent. d. 60 percent.
Shortly after the American Revolution, governmental involvement in market affairs was largely abandoned in the Confederate States and economic growth resulted
Indicate whether the statement is true or false