Which one of the following industries could be classified as an oligopoly?

A) Tobacco production
B) Retailing
C Farming
D) Fast food restaurants

Ans: A) Tobacco production

Economics

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In a particular town, Comvision and Veriview are the only two providers of cable TV service. Comvision and Veriview constitute a

a. duopoly, whether they collude or not. b. cartel, whether they collude or not. c. Nash industry, whether they collude or not. d. monopolistically competitive market if they charge the same price.

Economics

According to the human-capital view, education

a. has no effect on lifetime earnings. b. alters work ethic. c. enhances productivity. d. is an indicator of natural ability.

Economics