An oligopoly would tend to restrict output and drive up price if

a. barriers to entering the industry are negligible.
b. firms engage in informative advertising.
c. firms produce a standardized product.
d. firms collude and behave like a monopoly.

d

Economics

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Which of the following statements is true?

A) Unlike monetary policy, fiscal policy is not subject to lags. B) Like monetary policy, fiscal policy is also subject to the same types of lags. C) In general, fiscal policy lags are much shorter than monetary policy lags. D) Although both monetary and fiscal policies are subject to lags, fiscal policy lags are easier to eliminate.

Economics

If a currency is allowed to move freely until it violates economic fundamentals, that currency is said to have

A) a managed float. B) a free floating system. C) a currency board. D) a stable basket.

Economics