In oligopoly, minimum efficient scale is large relative to the ...

[09madisonrousseau09]

In oligopoly, minimum efficient scale is large relative to the market.
 a. True
  b. False

Question 2

Some of the nation's best minds are occupied with devising schemes to avoid taxes and to transfer income to favored groups at the expense of market efficiency. These activities are called
 a. rational ignorance
  b. choice of the cyclical majority
  c. rent seeking
  d. competing interest legislation
  e. a zero-sum game

[hanadaa]

Answer to Question 1

A

Answer to Question 2

C