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Author Question: Economists assume people's tastes are identical. Indicate whether the statement is true or ... (Read 204 times)

segrsyd

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Economists assume people's tastes are identical.
 
  Indicate whether the statement is true or false

Question 2

Oligopoly differs from perfect competition and monopolistic competition in that
 
  A) demand and marginal revenue curves are more useful for analyzing oligopoly than they are for analyzing perfect competition and monopolistic competition.
  B) the concentration ratios of oligopoly industries are lower than they are for perfectly competitive and monopolistically competitive industries.
  C) barriers to entry are lower in oligopoly industries than they are in perfectly competitive and monopolistically competitive industries.
  D) because oligopoly firms often react when other firms in their industry change their prices, it is difficult to know what the oligopolist's demand curve looks like.


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Kedrick2014

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segrsyd

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


TheNamesImani

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Reply 3 on: Yesterday
:D TYSM

 

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