Consumers' surplus is the difference between the maximum price the buyer is willing and able to pay for a good and the actual price paid

An oligopoly between two firms is called

A) a duopoly. B) an oligopoly; there are no special terms used for oligopolies with different numbers of firms. C) a biopoly. D) a dual-firm oligopoly.

One problem with the absolute approach to poverty is that there is no agreement as to which goods and services to include in the definition

Indicate whether the statement is true or false