Which statement about oligopoly is false?
A. Monopolistic firms recognize their interdependence
B. Prices in oligopoly are predicted to fluctuate widely and frequently
C. A few firms play an important role in the sale of a product
D. One firm's behavior is a function of what its rivals do
B. Prices in oligopoly are predicted to fluctuate widely and frequently
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One of the productive resources is capital. Capital includes
A) money borrowed from a bank. B) a company's stocks and bonds. C) tools, buildings, and machine tools. D) toys, t-shirts, CD players, and pencils. E) money in a savings account at a bank.
You expect to rent out a vacation home on Sanibel Island for $800 a month as an investment. Upkeep is estimated at $3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house
a. $132,000 b. $100,000 c. $160,000 d. $192,000 e. $800,000