As the number of firms increases in a market, the differences between the Cournot, Stackelberg, and price-taking market structures
A) decrease.
B) increase.
C) remain the same.
D) Cannot be determined.
A
Economics
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The Federal Reserve has the power to:
A. create banks. B. increase government spending. C. cut taxes. D. create money.
Economics
In the above figure, the demand curve for Good A shifts from D1 to D2 in Graph A when the price of Good B changes from P1 to P2 in Graph B. We can conclude that
A) Good A and Good B are substitutes. B) Good A and Good B are complements. C) Good A is a normal good but Good B is an inferior good. D) Good A and Good B are unrelated.
Economics