In order for a market to be classified as an oligopoly,
a. there must be fewer than 10 firms
b. the four largest firms must have 90 percent of the market
c. there must be fewer than 5 firms
d. the firms must be strategically interacting
e. the firms must be strategically independent
D
Economics
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The Federal Reserve reports that it has coins valued at $10 billion, bank reserves at the Fed of $15 billion, gold valued at $10 billion, Federal Reserve notes of $400 billion, and U.S. government securities of $300 billion
What is the size of the monetary base?
Economics
Which of the following is considered a "third party" within the medical services industry?
A. the for-profit hospital B. the medical provider, i.e., physician C. the private insurance company D. the patient
Economics