An example of an oligopoly is:
a. the book industry

Mrs. Lovejoy decides to invest in companies which she believes can produce their goods at the lowest possible cost. Mrs. Lovejoy is investing in companies that are

A) always going to be profitable. B) productively efficient. C) both productively and allocatively efficient. D) allocatively efficient.

The Grangers would most likely support which policy?

a. Price controls on grain operators b. Price deflation c. A strong commitment to backing currency only with gold d. Federal government aid to railroads