Which of the following is NOT a reason why some industries are oligopolies?
A. independence in pricing behavior
B. mergers
C. economies of scale
D. barriers to entry
Answer: A
Economics
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a. True b. False
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In the long run, the beneficiaries of farm price supports are
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Using the asset model of short-run exchange rate determination, once the domestic rate of return is determined by MS and MD, the short-run equilibrium ___ can be determined if prices are inflexible and expectations are given.
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