This topic contains a solution. Click here to go to the answer

Author Question: People can be excluded from consuming public goods. Indicate whether the statement is true or ... (Read 73 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
People can be excluded from consuming public goods.
  Indicate whether the statement is true or false

Question 2

If an oligopolist reduces the price of its product:
 a. It may get some customers to switch from rival firms if they don't respond by reducing their prices.
 b. It may not get some customers to switch from rival firms if they respond by reducing their prices.
 c. It does not know whether its profits will rise or fall without knowing how rivals will change their prices in response.
  d. All of the above are true.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mochi09

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

False

Answer to Question 2

d




Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Wow, this really help


chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

For a complete list of videos, visit our video library