One of the strongest reasons that oligopolies exist is due to
A) the homogeneity of their products.
B) marginal cost pricing.
C) lowest cost production.
D) economies of scale.
D
Economics
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During the expansion phase of the business cycle, which of the following eventually increases?
A) income B) production C) employment D) all of the above
Economics
Which of the following is an example of a pure market economy?
a. United States b. Switzerland c. Singapore d. No nation has a pure market economy
Economics