Which of the following does NOT influence the type of oligopoly that forms?
A) Whether firms act sequentially or simultaneously.
B) Whether firms set price or quantity.
C) The type of demand curve the firms face.
D) The time horizon over which firms will be in competition.
C
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Based on economic criteria, a nation should choose a fixed exchange rate if:
A) the monetary authorities are capable of handling shocks. B) the net benefits of fixing versus floating are positive. C) the net benefits of fixing versus floating are negative. D) there is a liberal political agenda that restricts government authority over capital flows.
The use of technology such as telephones and computers means that money exchanges and other financial transactions can be _____.
(A) Based on U.S. dollars all over the world. (B) Made instantaneously. (C) Converted to prices in any currency. (D) Sensitive to variations in any currency.