Decision makers in oligopolistic firms must devise a strategy. One that yields the highest benefit, regardless of what the other players do is a
A) pricing strategy.
B) coherent strategy.
C) dominant strategy.
D) revenue strategy.
C
Economics
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Marketing boards were intended to
a. buy crops from farmers b. import crops from other countries c. subsidize agriculture by incurring losses d. ensure that all food stayed in the country e. all of the above
Economics
When motorcycles are taxed and sellers of motorcycles are required to pay the tax to the government,
a. the quantity of motorcycles bought and sold in the market is reduced. b. the price paid by buyers of motorcycles decreases. c. the demand for motorcycles decreases. d. there is a movement downward and to the right along the demand curve for motorcycles.
Economics