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Author Question: The word oligopoly means A) elastic demand. B) few sellers. C) independent action. D) ... (Read 29 times)

yoroshambo

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on: Jun 29, 2018
The word oligopoly means
 
  A) elastic demand.
  B) few sellers.
  C) independent action.
  D) interdependent selling.
  E) predatory pricing.

Question 2

In a perfectly competitive market, a marginal entrant:
 
  A) earns positive economic profits in the long run.
  B) is the first firm to enter a market.
  C) is indifferent between entering and not entering.
  D) determines the market price of the good it produces.


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ngr69

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


yoroshambo

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  • Posts: 566
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

at

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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