The firms in a collusive oligopoly ______.
a. encourage new firms to enter their industry
b. reduce uncertainty by acting collectively
c. act independently of each other
d. are long-lived thanks to antitrust laws
b. reduce uncertainty by acting collectively
Economics
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If a firm is experiencing diminishing marginal returns, its marginal product is negative
a. True b. False
Economics
Unemployment would decrease and prices would increase if
a. aggregate demand shifted right. b. aggregate demand shifted left. c. aggregate supply shifted right. d. aggregate supply shifted left.
Economics