Oligopolist A cuts price in an attempt to enlarge his share of the market. His competitors fail to retaliate with price cuts. In this case, in Figure 13-3, oligopolist A will move from point A to which point?

If an Industry consists of two large firms, it is known as a(n)

a. monopoly b. perfect competition c. monopolistic competition d. natural monopoly e. duopoly

Neo-Keynesians believe that the inverse relationship between rates of unemployment and rates of inflation is causal

Indicate whether the statement is true or false