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

Author Question: The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit ... (Read 56 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

True


809779

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Illustration of an embolus floating in an artery. The embolus will become lodged in a blood vessel t Illustration of an embolus floating in an artery. The embolus will become lodged in a blood vessel t
The Pleiades, an open cluster of stars in the constellation of Taurus. These stars share a common mo The Pleiades, an open cluster of stars in the constellation of Taurus. These stars share a common mo
Reduced mobility in late adulthood often results in more limited activities and smaller social ... Reduced mobility in late adulthood often results in more limited activities and smaller social ...
Main Hall, Trajan's Market Main Hall, Trajan's Market
How many carboxylic acids and esters share the molecular formula C2H4O2? How many carboxylic acids and esters share the molecular formula C2H4O2?
A phylogenetic tree showing that all non-African human populations share a closer genetic relationsh A phylogenetic tree showing that all non-African human populations share a closer genetic relationsh
Video: Hip Animation

For a complete list of videos, visit our video library