The situation of oligopoly suggests
A) many firms compete in an industry.
B) mergers have not occurred.
C) interdependence among firms.
D) no barriers to entry exist.
C
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When Dale visits the doctor, Dale does not pay for either the visit or any tests the doctor may order. From this we can infer that Dale must:
A. have first-dollar medical insurance coverage. B. have a medical insurance policy with a deductible. C. be underutilizing medical care. D. be a member of an HMO.
In the dictator game:
A. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an active participant. B. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an passive participant. C. one player (the dictator) must keep a fixed prize all to himself. D. one player (the dictator) must give all of a fixed prize to another player (the recipient) who is a passive participant.
The formation of which of these groups was closely linked to U.S. activities in the Middle East during and after the Persian Gulf War?
a. Wahhabi b. ETA c al-Qaeda d. New Dawn out of
If the total cost of producing 19 wizzbies is $38,000 and the total cost of producing 20 wizzbies is $39,000, the marginal cost of producing the 20th wizzbie is approximately
A. $19,000. B. $1,000. C. $2,000. D. $38,000.