As the number of firms in the oligopoly grows very large, the
a. output effect disappears.
b. price effect disappears.
c. output effect equals the price effect.
d. price of the product greatly exceeds marginal cost.
b
Economics
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If a project costs $800 today and pays a return of $864 next year, what is the highest interest rate at which the project should be undertaken?
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Special taxes levied on earnings for Social Security and Medicare are called
A) an unfair tax on low-income families. B) an exception tax for corporations. C) a social insurance tax. D) a withholding tax on wages.
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