Author Question: The number of firms in an oligopolistic industry A) must be less than 10. B) must be less than ... (Read 105 times)

deesands · **on:** Jun 29, 2018

The number of firms in an oligopolistic industry

A) must be less than 10.
B) must be less than 20.
C) must be small enough that firms are interdependent.
D) must be large enough for firms to be independent.

Question 2

A country that must reduce current consumption to increase future consumption possibilities

A) must be allocating resources inefficiently.
B) must be producing along the production possibilities curve.
C) must be producing outside the production possibilities curve.
D) must not have private ownership of property.