If a firm buys a specialized metal stamping machine that will last 4 years for $125,000 and cannot resell it, the opportunity cost is

A) $0.
B) $31,250.
C) $125,000.
D) $93,750.

A

Economics

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What will be an ideal response?

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Oligopoly is characterized by

A. identical products only. B. differentiated products only. C. high barriers to entry. D. many firms.

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