A price war:
A. is one possible consequence of oligopolistic rivalry.
B. never occurs in oligopolistic markets.
C. results in higher profits for sellers.
D. occurs only under perfect competition.
Answer: A. is one possible consequence of oligopolistic rivalry.
Economics
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The sum of the current account, capital and financial account, and official settlements account is
A) a positive number if the country has a trade surplus. B) a negative number if the country has a trade deficit. C) positive or negative depending on whether the domestic exchange rate is appreciating or depreciating. D) always equal to zero.
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Information plays an important role in asset pricing because it allows the buyer to more accurately judge
A) liquidity. B) risk. C) capital. D) policy.
Economics