Author Question: From the social perspective, a major criticism of oligopolies is that A) successful collusion ... (Read 79 times)

skymedlock · **on:** Jun 29, 2018

From the social perspective, a major criticism of oligopolies is that

A) successful collusion leads to a monopoly-like outcome.
B) price wars usually break out.
C) advertising hardly ever occurs.
D) cartels are unstable.

Question 2

The vertical distance between the total variable cost curve and the total cost curve ________ as output increases; the vertical distance between the average variable cost curve and the average total cost curve ________ as output increases.

A) decreases; remains the same
B) is constant; becomes smaller
C) increases; becomes smaller at first but then increases
D) increases; remains the same