This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in ... (Read 94 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in reaction to changes it initiates.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Who is considered to be a free rider according to economists?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

A person who derives benefit from the consumption of a commodity without paying for it is called a free rider.


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 30, 2018
Gracias!

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
DNA binding faces of l Cro, cI repressor, and CRP, showing the helix–turn–helix motif DNA binding faces of l Cro, cI repressor, and CRP, showing the helix–turn–helix motif
Linear dose-response curve Linear dose-response curve
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library