Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2q. Which of the following statements is TRUE at all levels of production?

When the Dallas Cowboys decided on Arlington, Texas as the home for their new stadium in 2005, the City of Arlington used eminent domain to acquire property from individuals who were either unwilling to sell or demanded what the city deemed were

unreasonable prices for their property. In this situation, eminent domain A) reduced transactions costs. B) solved the holdout problem. C) accelerated the process of getting the stadium built. D) all of the above

What are the characteristics of oligopoly?