Which of the following is a possible reason for there being so few firms in oligopoly market structures?
a. easy to enter or exit the industry
b. economies of scale
c. differentiation of the product
d. none of the above are reasons for so few firms in an oligopoly
b
Economics
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The short run:
A. means that output cannot be changed. B. means the price of output is fixed. C. means the firm cannot increase or decrease at least one of its inputs. D. All of these are true.
Economics
To determine the change in the capital stock, the level of new investment must be adjusted for depreciation because some new investment:
A. is not used immediately. B. merely replaces existing, but worn out, capital. C. replaces existing workers. D. is more efficient than existing capital.
Economics