An oligopoly may result from:
a. low or no barriers to entry.
b. Standardization of a product.
c. price-taking conditions for both buyers and sellers.
d. increasing returns to scale
Answer: d. increasing returns to scale
Economics
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The double taxation of capital gains can be justified _____
a. on the ability-to-pay principle b. on efficiency grounds c. on the grounds that government needs more revenue d. on the benefit principle
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The ways to escape a prisoner's dilemma is to
A) make commitments and play the game repeatedly. B) collude. C) find a dominant strategy. D) give up the game.
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