In a price-leadership oligopoly, it is much simpler for the price leader to identify its dominant strategy when
a. at least one price follower has a terminal strategy
b. it expects competition from the other firms
c. it expects other firms to match its prices
d. the government actively seeks antitrust penalties
e. price equals marginal cost
C
Economics
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In the above figure, the amount of the tax per unit imposed on the sellers is
A) $0.50. B) $1.00. C) $1.50. D) $2.00.
Economics
The amount of a tax paid by the buyers will be larger the
A) more elastic the demand and the more inelastic the supply. B) more inelastic the demand and the more elastic the supply. C) more inelastic are both the supply and demand. D) more elastic are both the supply and demand.
Economics