« previous next »

Author Question: An oligopoly market is characterized by limited number of sellers, each having complete control over ... (Read 72 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
An oligopoly market is characterized by limited number of sellers, each having complete control over the market price level as in case of monopoly.
  Indicate whether the statement is true or false

Question 2

Movie theaters are able to offer discounts to senior citizens because:
 a. the elderly deserve lower prices because of their contributions to society.
  b. senior citizens have the most inelastic demand.
  c. theaters can separate senior citizens from other customers, and it is easier to prevent resale.
  d. senior citizens cannot see the movie very well because of poor eyesight.
  e. senior citizens are frequent visitors to the movie theaters.


stillxalice

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

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?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Negative feedback control of the female reproductive hormones Negative feedback control of the female reproductive hormones
Eggs, milk, and cheese are complete proteins, because they are animal products. Eggs, milk, and cheese are complete proteins, because they are animal products.
Hormonal control of adrenal gland. CRH = corticotropin releasing hormone; ACTH = adrenocorticotropic ... Hormonal control of adrenal gland. CRH = corticotropin releasing hormone; ACTH = adrenocorticotropic ...
Reorganization of the rat motor cortex following transection of the motor neurons that control ... Reorganization of the rat motor cortex following transection of the motor neurons that control ...
10 side effect of birth control pills 10 side effect of birth control pills
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library