The results of human action but not of human design
a. have traditionally led to anarchy
b. can easily be converted into collective decision-making
c. have frequently evolved over time into self-enforcing social institutions
d. is in actually the result of planned education funding
c
Economics
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As the number of firms in an oligopolistic market increases, ________
A) prices tend to decline toward marginal cost B) prices tend to rise above marginal cost C) the market demand for the good tends to fall D) profits earned by firms tend to rise
Economics
Under oligopoly, there are ________ firms selling products that are ________
A) many; either identical or different B) a few; either identical or different C) many; different D) a few; identical
Economics