Oligopoly and monopolistic competition can be described as industries where firms
a. have high barriers to entry
b. produce identical goods
c. are located near each other
d. produce close substitutes
e. aspire to become perfect competitors
D
Economics
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Following the war-time prosperity for capital and the rich during World War I (1914–18), income distribution trended towards greater equality when peace came and market forces replaced the economy's wartime concerns in determining income
distribution. Indicate whether the statement is true or false
Economics
A corporate merger occurs when: a. two formerly separate firms combine to become one single firm
b. one firm purchases another firm. c. two formerly separate firms decide to charge the same price for a product. d. one firm follows the exact actions of another firm.
Economics