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