Which oligopoly model was developed to explain price wars in an industry?

While unions represent only a fraction of the unskilled workers in the U.S. labor market, any wage increase won by unionized workers is most likely shared with non-union unskilled workers

a. True b. False Indicate whether the statement is true or false

In 1997, GDP in the tiny country of Lindora was $4 million and the price of a market basket of goods was $15. In 2011, GDP in Lindora was $5 million and the price of a market basket of goods was $35. Given this information, it is clear that Lindora GDP

had a higher level of production in 2011 than 1997. Evaluate this statement. What will be an ideal response?