If a firm is an oligopolist, which is NOT true?
A) It must pay attention to other firms' prices.
B) It is one of a relatively small number of firms dominating its industry.
C) It can sell all the units it wants at the going market price.
D) It is engaged in a strategic game.
C
Economics
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Reorganization of the airline industry came in two waves, one led by large long-established airlines and the other led by new entrants to the industry
Indicate whether the statement is true or false
Economics
Suppose consumers and business decision makers become more optimistic about the future, and aggregate expenditures increase. The most likely result is that:
a. real GDP and employment and income to decline. b. real GDP and employment rise. c. real GDP rises and employment falls. d. real GDP falls and employment rises.
Economics