An example of an oligopoly market would be one in which ___ firm(s) sell(s) ___% of the output.
A. 1; 95
B. 3; 10
C. 4; 80
D. 250; 35
C. 4; 80
Economics
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The production possibilities curve encompasses all of the following concepts except
a. the law of increasing costs b. unlimited wants c. scarcity d. opportunity cost e. availability of resources
Economics
Activist capitalists who seek out or create earnings opportunities and assume risk, for which they receive profits, are called
A. rent seekers. B. entrepreneurs. C. muckrakers. D. marginalists.
Economics
Which of the following cities in NOT the location of a Federal Reserve Bank?
A. Salt Lake City B. Kansas City C. St. Louis D. San Francisco
Economics
Single company supplies the entire market for a particular good or service
What will be an ideal response?
Economics