It is important to understand oligopoly markets because:
a. although few real world markets are oligopolies, their existence raises interesting theoretical questions.
b. oligopolies typically generate more deadweight loss than monopolies.
c. oligopolies can generate a whole range of possible outcomes between monopoly and perfect competition.
d. one can predict the market outcome exactly just by knowing the number of firms in the market.
c
Economics
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The relationship between disposable income and consumption expenditure is
A) positive. B) U-shaped. C) negative. D) nonexistent. E) not stable because it depends on whether the economy is in equilibrium or not.
Economics
Does a stock certificate or a bond represent ownership of a company and a claim on its profits?
What will be an ideal response?
Economics