Which of the following differentiates firm behavior in oligopoly from firm behavior in other market structures?
a. They are price makers.
b. They collude to lower prices together.
c. They collude to raise prices together.
d. They are price takers.
e. They take into consideration how other firms might react to their actions.
E
Economics
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Payments to the factors of production are
A) rent, wages, interest, and profit or loss. B) rent, mortgage, interest, and bonds. C) rent, interest, bonds, and profit or loss. D) land, labor, capital, and entrepreneurshi
Economics
The payroll tax receipts
a. are used to reduce the national debt. b. are invested in private business for future payments. c. pay off current recipients of Social Security payments. d. go directly into a trust fund for investment in private businesses.
Economics