Answer the following statement(s) true (T) or false (F)
1. Oligopolists use pricing policies that encourage newcomers to enter the market.
2. Vertical mergers are often subject to antitrust probes.
3. A price war that includes undercutting strategies will lower prices for consumers.
4. Oligopolists often experience large economic profits year after year.
5. Non-collusive oligopoly resembles a military campaign or poker game in some respects.
1. FALSE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
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With technological developments, more resources are discovered which change production sets for countries and make world trade more and more beneficial
Indicate whether the statement is true or false
There are some economists who argue that low mortgage interest rates in the time period preceeding the financial crisis of 2007-2009 were a result of a ___________ in global savings. They argue that emerging countries began to save ___________ which helped to _____________ the supply of loanable funds in the United States
A) glut; less; decrease B) glut; more; increase C) decline; more; increase D) decline; less; decrease