In which market structure do firms consider the actions of their rivals when setting prices and output?
a. monopoly
b. oligopoly
c. perfect competition
d. both monopoly and perfect competition
e. monopolistic competition
B
Economics
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Input choices in the present are often affected by past decisions
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the graphs below for a competitive market in the short run. Which of the following statements is true?
A. The firm will increase production
B. The firm is experiencing economic losses
C. The firm is breaking even
D. The firm is making economic profits
Economics