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Author Question: Oligopoly is an industry with a small number of firms producing homogeneous or differentiated goods ... (Read 35 times)

rayancarla1

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on: Jun 30, 2018
Oligopoly is an industry with a small number of firms producing homogeneous or differentiated goods with minimal barriers to entry.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the costs of negotiating and enforcing contracts are _____ relative to the benefits, buyers and sellers have incentives to make economically efficient arrangements that _____ value.
 a. high; increase
  b. low; increase
  c. high, decrease
  d. low; decrease


tanna.moeller

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  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

B


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