Economic freedom and economic prosperity are
A) positively correlated.
B) negatively correlated
C) not correlated.
D) inconsistent with human rights.
Question 2
Which of the following is characteristic of oligopoly firms, but not of monopolistically competitive firms?
a. firms seek to maximize profits
b. firms face downward-sloping demand curves
c. the pricing behavior of one firm has a significant effect on the sales of other firms
d. firms have at least some ability to influence price