In an oligopoly, there are
A) many firms and barriers to entry.
B) many firms and no barriers to entry.
C) few firms and barriers to entry.
D) few firms and no barriers to entry.
E) barriers to entry and only one firm.
C
Economics
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In the transition from the short run to the long run, the number of firms in a competitive industry is
a. fixed. b. increasing at a constant rate. c. decreasing. d. able to adjust to market conditions.
Economics
If we assume that government expenditure, investment, and net exports are not affected by income, the slope of the consumption function equals
A. The change in income divided by the change in consumption. B. APC. C. APS. D. The slope of the aggregate expenditure curve.
Economics