A natural oligopoly can form A) if there are economies of ...

[scienceeasy]

A natural oligopoly can form
 
  A) if there are economies of scale.
  B) only if firms sell a differentiated good.
  C) only if firms sell a homogeneous good.
  D) if there is only one firm in the industry.

Question 2

Real income measures the
 
  A) slope of the budget line.
  B) purchasing power of a given income.
  C) slope of the preference map.
  D) area under the indifference curve.

[zoeyesther]

Answer to Question 1

A

Answer to Question 2

B

[scienceeasy]

Wow, this really help

[bigcheese9]

Thanks for the timely response, appreciate it