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Author Question: The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit ... (Read 91 times)

809779

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on: Jun 30, 2018
The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit earned by the dominant firm.
  Indicate whether the statement is true or false

Question 2

A monopoly is a market model in which just one firm sells a product with no close substitutes.
 a. True
  b. False
  Indicate whether the statement is true or false


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mistyjohnson

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

F

Answer to Question 2

True


809779

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

diana chang

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Reply 3 on: Yesterday
Excellent

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