Oligopolies are industries containing only a few large firms
A. whose decisions are consciously linked.
B. and each faces a horizontal demand curve.
C. that can ignore other firms' reactions as they price, produce, and market their goods.
D. but each firm is small relative to the market.
A. whose decisions are consciously linked.
Economics
You might also like to view...
The word "final" in the definition of GDP refers to
A) not counting intermediate goods or services. B) the time period when production took place. C) valuing production at market prices. D) counting the intermediate goods and services used to produce GDP.
Economics
If the income of buyers increases and a company maintains the same price, what is the most likely impact on quantity sold? Explain. Draw a graphical display of the result.
What will be an ideal response?
Economics