A common characteristic of oligopolies is:
a. independent pricing decisions.
b. interdependence in pricing decisions.
c. few or no plant-level economies of scale.
d. low industry concentration.
b
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Early in U.S. history health insurance was provided to cover
a. income loss due disability or disease. b. hospital expenses. c. routine physicians' services. d. the catastrophic cost of medical care including hospitalization and physicians' services. e. medical costs due to specific diseases such as tuberculosis and alcoholism.
Which of the following statements about the Third World is true?
a. Except for Latin America, most Third World citizens live in urban areas. b. The culture, politics, and geography of the Third World countries are very similar. c. Third World economies are largely dependent on manufacturing industries. d. The Third World is made up of non-communist developing countries. e. About 80 percent of the population of the Third World countries live in China and India.