This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in ... (Read 93 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in reaction to changes it initiates.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Who is considered to be a free rider according to economists?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

A person who derives benefit from the consumption of a commodity without paying for it is called a free rider.


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

The Many Faces of Life The Many Faces of Life
Titration Curve Titration Curve
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library