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Author Question: In an oligopoly A) there are many firms. B) there is one firm. C) there are few firms. D) ... (Read 60 times)

hubes95

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on: Jun 30, 2018
In an oligopoly
 A) there are many firms.
  B) there is one firm.
  C) there are few firms.
  D) firms openly collude.

Question 2

In monopolistic competition
 A) firms can earn long-run economic profit due to product differentiation.
  B) firms are unable to earn economic profit over the long run.
  C) firms can only earn accounting profits over the long-run.
  D) firms can block entry.


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HandsomeMarc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


hubes95

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  • Posts: 561
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kjohnson

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  • Posts: 330
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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