Which statement is false?
A. All oligopolies have only a few firms.
B. Most firms in the United States are oligopolies.
C. Administered prices are most likely to occur under oligopoly.
D. In all market structures, price is always read off the demand curve.
B. Most firms in the United States are oligopolies.
Economics
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The unregulated, single-price monopoly shown in the figure above will produce where its demand
A) equals its MC curve. B) equals its ATC curve. C) is inelastic. D) is elastic.
Economics
During inflationary periods, consumers will
A. increase their time taken to search for the lowest prices of goods. B. may purchase goods when they need them. C. stick to one store. D. will save more of their income.
Economics