Interdependence of firms is most common in
A) oligopolistic industries.
B) monopolistically competitive industries.
C) monopolistically competitive and oligopolistic industries.
D) monopolistic industries.
Question 2
A monopoly firm is the only seller of a good or service that
A) does not need to be advertised. B) has no close complements.
C) does not have a close substitute. D) has a perfectly elastic demand.