If there are many firms participating in a market, the market is either
a. an oligopoly or monopolistically competitive.
b. perfectly competitive or monopolistically competitive.
c. an oligopoly or perfectly competitive.
d. an oligopoly or a cartel.
b
Economics
You might also like to view...
The supply of domestic assets ________
A) is insensitive to changes in the nominal exchange rate B) rises when the nominal exchange rate rises C) falls when the nominal exchange rate rises D) equals the value of exports minus the value of imports
Economics
The evidence shows that both the U.S. steel and auto industries seem to have lost their vigor for growth and competitive edges in the global marketplace
Indicate whether the statement is true or false
Economics