The specific oligopolistic model used in a market
A) depends on the pricing structure of the good or service sold.
B) depends on the characteristics of the market, such as time horizon for competition.
C) is usually a Cournot model, unless cartels are illegal.
D) All of the above.
B
Economics
You might also like to view...
In the above figure, when the interest rate is 8 percent and household income is $40,000, household consumption is
A) $0. B) $20,000. C) $35.000. D) $60,000.
Economics
The March 2000 "tech bubble" burst caused the aggregate demand curve to shift to the left by ________
A) causing an upward spike in the real interest rate B) reducing autonomous spending by households and businesses C) reducing government spending on high-tech equipment D) all of the above E) none of the above
Economics