The means of payment function of money refers to the common unit for measuring how much something is worth

a. True
b. False

B

Economics

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Economics

Which of the following statements about oligopolies is not correct?

a. There are only a few firms in the industry. b. Each firm possesses some market power. c. Oligopolistic firms are always large. d. An important reason for the existence of oligopolies is the presence of economies of scale.

Economics