Which of the following is a distinguishing characteristic of the oligopoly market structure?
a. easy entry
b. difficult entry
c. many, many firms
d. many, many close substitutes
e. firms's horizontal demand curves
B
Economics
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The advantage of using real GDP over nominal GDP is that:
A) it can be compared over time. B) it takes into account the distribution of income. C) it takes into account changes in ruling political party. D) it is easier to calculate.
Economics
Referring to a bank's t-account, the difference between total assets and total liabilities is called
A) leverage. B) reserves. C) deposits. D) equity.
Economics