If a market is a duopoly and additional firms enter and do not cooperate, then
a. price and quantity fall.
b. price and quantity rise.
c. price falls and quantity rises.
d. price rises and quantity falls.
c
Economics
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A college bookstore offers both new and used Physics 101 textbooks. Vicki pays $120 for a new copy, Darrel pays $85 for a used copy. Who made an economically efficient choice?
A) Vicki B) Darrel C) Both Vicki and Darrel D) Neither one of them—they could have found a better deal on the Internet.
Economics
As the rate of interest on borrowed funds increases, the quantity of investment funds demanded diminishes
a. True b. False Indicate whether the statement is true or false
Economics