Which of the following is NOT a characteristic of oligopoly firms?
A) strategic dependence
B) product differentiation
C) non-price competition, such as advertising and promotions
D) perfectly elastic demand curves
D
Economics
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China has few state-owned enterprises left in its economy
Indicate whether the statement is true or false
Economics
Suppose the AD curve and the SRAS curve intersect to the left of the LRAS curve. Which of the following is true?
A) The economy is in a recessionary gap. B) The economy is in an inflationary gap. C) The economy is in a long-run equilibrium. D) This situation is actually impossible.
Economics