Under an oligopoly market structure, rival firms take completely independent decisions
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following statements about private and social costs is TRUE in the presence of negative externalities created by pollution?
A) Competitive market produces excessive pollution. B) The optimal amount of pollution is zero. C) Social costs exclude externalities. D) Social producer surplus exceeds private producer surplus.
Economics
In a two regressor regression model, if you exclude one of the relevant variables then
A) it is no longer reasonable to assume that the errors are homoskedastic. B) OLS is no longer unbiased, but still consistent. C) you are no longer controlling for the influence of the other variable. D) the OLS estimator no longer exists.
Economics