Which of the following is always a characteristic of the oligopoly market structure?
a. Many sellers, each small in size relative to the overall market.
b. Few sellers
c. All sellers produce identical products.
d. Easy, low-cost entry and exit.
b
Economics
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Government spending is set by the federal authorities in such a way that aggregate supply just equals aggregate spending
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following is the term used to describe a failing bank selling off a substantial amount of assets in a short time period in order to remain solvent?
a. fire sale b. short sale c. long sale d. liquidity sale
Economics