The smaller the share of the fringe firms in an oligopoly market, ...

[809779]

The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit earned by the dominant firm.
  Indicate whether the statement is true or false

Question 2

A monopoly is a market model in which just one firm sells a product with no close substitutes.
 a. True
  b. False
  Indicate whether the statement is true or false

[mistyjohnson]

Answer to Question 1

F

Answer to Question 2

True

[809779]

TYSM

[zacnyjessica]

Thanks for the timely response, appreciate it