A characteristic found only in oligopolies is
A) break-even level of profits.
B) interdependence of firms.
C) independence of firms.
D) products that are slightly different.
Answer: B
Economics
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In the above figure, if the minimum wage is set at $2 per hour, what quantity of labor is employed?
A) 100 million hours B) 200 million hours C) 300 million hours D) 400 million hours
Economics
What was(were) the effect(s) of the Enron Bankruptcy in late 2001 and other corporate scandals in 2002?
A) An ensuing lack of confidence in financial accounting. B) The value of corporate bonds declined. C) It became more expensive for firms to finance their investments. D) all of the above E) none of the above
Economics