As the number of firms in an oligopoly becomes very large, the price effect disappears

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Suppose a country experiencing hyperinflation for a long period of time chooses to use a historically stable currency, like the U.S. dollar, to increase investor and consumer confidence and provide a stable and secure economic and investment climate. This is an example of _____

a. globalization b. privatization c. dollarization d. standardization

Economics

For a firm that sells an information product, the long-run equilibrium exists at a point at which economic profits are

A) negative. B) zero. C) positive. D) dependent upon the particular product.

Economics