If two firms comprise the entire soft drink market, the market would be a(n)
a. Nash equilibrium.
b. monopolistically competitive market.
c. oligopolistically competitive market.
d. duopoly.
d
Economics
You might also like to view...
Which of the following has the highest present value?
A) $1,000 received in 3 years if the current interest rate is 4% B) $1,500 received in 5 years if the current interest rate is 6% C) $2,000 received in 6 years if the current interest rate is 11% D) $3,000 received in 10 years if the current interest rate is 12%
Economics
Government policies designed to increase the skills of the work force shift the labor demand curve to the right, increasing employment and total output
a. True b. False
Economics