Which of the following can allow oligopoly firms to reap monopoly profits?
a. Use of advanced technology
b. Formation of cartels
c. Independent decision making
d. High investment in advertising
b
Economics
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If prices are sticky
A) prices will quickly adjust to changes in demand. B) economic activity will not be coordinated efficiently. C) quantity supplied will always equal quantity demand. D) economic activity will be coordinated efficiently.
Economics
The larges10 banks in the United States hold slightly over _______ percent of the total deposits in the 8000 banks in the country.
A. 15 B. 25 C. 40 D. 50
Economics