Because in oligopoly the actions of one firm have a perceptible effect on the other firms, oligopoly firms act strategically.
Answer the following statement true (T) or false (F)
True
Economics
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If the Federal Reserve wants to increase the availability of money and credit, it can:
A. lower the discount rate. B. raise the reserve requirements. C. sell U.S. government bonds to the public. D. encourage banks to increase their prime lending rate.
Economics
If P rose by 20% and Q stayed the same, what would happen to MV?
What will be an ideal response?
Economics