Author Question: Oligopoly is likely to occur whenever the number of firms is so small that any change in output or ... (Read 69 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
Oligopoly is likely to occur whenever the number of firms is so small that any change in output or price by one firm appreciably impacts the sales of competing firms.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is a new law on fishing imposed by the government to increase the total supply of fish?
 a. Holders of fishing rights are not allowed to resell them to others.
  b. Governments have issued licenses that limit catches and fishing seasons.
  c. Quotas have enforced higher catches in coastal areas.
  d. Governments around the world have reduced their offshore jurisdictions.



Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

True

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library