Firms in an oligopoly market tend to have strategies that are ____ and ____ economic profits.
a. Independent of one another; earn guaranteed
b. Independent of one another; are not guraranteed .
c. Interdependent with one another; earn guaranteed
d. Interdependent with one another; are not guraranteed
Question 2
Which of the following is an example of vertical integration?
a. An industrialist building new plants in a country where operation costs are low.
b. A cosmetic company collaborating with worldwide retailers to market its product.
c. A fruit juice manufacturer purchasing orchards.
d. An exporter delivering goods at a contracted price.