If firms in an industry make output decisions that are partially based on the price and output decisions of their competitors, then these firms are in ________ market have ________ with the other firms in the market
A) an oligopoly; interdependence
B) an oligopoly; no interdependence
C) an oligopoly or monopolistically competitive; interdependence
D) a monopolistically competitive; no interdependence
A
Economics
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Marginal utility is measured as
A) utility per unit of production. B) additional output divided by additional utility. C) output of a good or service divided by price. D) additional utility from each additional good consumed.
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“An investment’s rate of return is inversely related to its price.” Explain.
What will be an ideal response?
Economics