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Author Question: When oligopolists take into account their competitors' behavior, this situation is called: a. ... (Read 129 times)

azncindy619

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on: Jun 30, 2018
When oligopolists take into account their competitors' behavior, this situation is called:
 a. mutual interdependence.
  b. monopolistic competition.
  c. independent.
  d. price discrimination.
  e. loss minimization.

Question 2

The long run is a period of:
 a. at least one year.
  b. sufficient length to allow a firm to expand output by hiring additional workers.
  c. sufficient length to allow a firm to alter its plant size and capacity and all other factors of production.
  d. sufficient length to allow a firm to transform economic losses into economic profits by hiring better workers.


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Joc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


azncindy619

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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