Which of the following is an example of an oligopolistic market ...

[luminitza]

Which of the following is an example of an oligopolistic market structure?
 a. public utilities
  b. air transport industry
  c. liquor retailers
  d. wheat farmers
  e. none of the above

Question 2

(pg 168) Charging prices closer to what consumers are willing to pay for a good
 a. Reduces consumers surplus
  b. Increases producer surplus
  c. Both a and b
  d. None of the above

[lindahyatt42]

Answer to Question 1

b

Answer to Question 2

c

[luminitza]

Thanks for the timely response, appreciate it

[olderstudent]

Great answer, keep it coming