Why is it difficult for economists to predict the price and output policy that will emerge in oligopolistic markets?
a. Economists cannot determine if barriers to entry exist in a market.
b. Economists cannot predict the reactions that firms will have to the actions and decisions of other firms.
c. The government prevents economists from acquiring the information that would lead to good predictions.
d. Firms have a set price and output policy, but the policy is concealed to discourage competition.
B
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U.S. Trade Adjustment Assistance:
a. is not available to workers in manufacturing. b. is not available to workers displaced by NAFTA. c. is not available to workers in service industries. d. expired with the advent of the WTO in 1995.
If the ________ curve is relatively more unstable than the ________ curve, an interest rate target is preferred
A) IS; IS B) IS; LM C) LM; IS D) LM; LM