Where interdependence is especially pronounced, competition among oligopolists will
A. resemble military tactics and strategies.
B. disappear.
C. lead to large increases in product output.
D. entice more firms to enter the market.
Answer: A
Economics
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Suppose the price of cheese rises. In the market for pizza, one would expect that
A) the supply of pizza would increase, and the price would fall. B) the demand for pizza would increase, and the price would increase. C) the demand for pizza would decrease, and price would fall. D) the supply of pizza would decrease, and price would rise.
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