An oligopoly will maximize profits where price equals marginal cost, just like a perfectly competitive firm.
Answer the following statement true (T) or false (F)
False
An oligopoly will maximize profits where marginal revenue equals marginal cost, just like a monopoly.
Economics
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John and Sally have identical preferences except that Sally's utility is exactly 10 times John's for each basket of goods. If they have the same income and face the same prices
A) Sally will consume 10 times the amount that John consumes. B) Sally will receive 1/10 the satisfaction of John. C) both will consume the same amount of all goods. D) John and Sally will have equal total utility.
Economics
Checkable deposits are included in
A. M1 but not in M2. B. M2 but not in M1. C. both M1 and M2. D. neither M1 nor M2.
Economics