The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is
A. monopoly.
B. perfect competition.
C. oligopoly.
D. monopolistic competition.
C. oligopoly.
You might also like to view...
Which prices are used to measure goods and services in calculating the nominal GDP?
A) average prices B) past years prices C) current prices D) projected prices
Everything else being equal, one can expect the euro to appreciate relative to the dollar if
A. Americans decrease their travel to Germany. B. the Germans add to their holdings of U.S. Treasury bills. C. Americans purchase land in Germany and build factories. D. American exports to Germany increase.
Which of the following statements is not accurate about the 1920s?
a. There was a significant increase in mass production and mass marketing. b. There was a significant increase in urbanization. c. The ability of many Americans to afford consumer goods dropped sharply. d. Consumer credit policies were developed and instituted on a large scale for the first time.
______ are resources that are fully used up in the production process.
A. Materials B. Capital inputs C. Variable inputs D. Fixed inputs