Oligopolies occur when which of the following happens?
a. When each firm has a small share of sales
b. When one firm has all or the majority of sales
c. When a few firms have all or the majority of sales
d. When a few firms have a small share of sales
c. When a few firms have all or the majority of sales
Economics
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Which of the following is not a major institutional investor in the stock market?
A) Mutual funds B) Pension funds C) Insurance companies D) Commercial banks
Economics
Government revenue from an excise tax of a given amount is greater when demand is relatively inelastic than when it is relatively elastic
Indicate whether the statement is true or false
Economics