Which of the following is a distinguishing characteristic of oligopolies?
a. a standardized product
b. the goal of profit maximization
c. the interdependence among firms
d. downward-sloping demand curves faced by firms
e. a downward-sloping market demand curve
C
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Rick lost his job as a logistics and distribution coordinator nearly three years ago. After a long and failed search, Rick finally gives up and stops looking for a new job
Rick's decision to suspend his job search causes the unemployment rate to ________ and the labor force participation rate to ________. A) increase; decrease B) decrease; decrease C) stay the same; decrease D) increase; stay the same E) increase; increase
Which of the following makes a firm's resources hard to imitate?
a. They flow from the firm's unique history b. The link between resources and advantages is difficult to discern c. Resources emanate from a socially complex organizational structure d. All of the above