The situation of oligopoly suggests
A) many firms compete in an industry.
B) mergers have not occurred.
C) interdependence among firms.
D) no barriers to entry exist.
C
Economics
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In a free market there are virtually no restrictions, or at best few restrictions on how factors of production can be employed
Indicate whether the statement is true or false
Economics
If the economy is underutilizing its economic resources, the Fed should
A) discourage investment spending. B) expand the money supply to increase aggregate demand. C) decrease aggregate supply. D) contract the money supply to decrease aggregate demand.
Economics