This topic contains a solution. Click here to go to the answer

Author Question: The theory of oligopolistic interdependence means that the outcome is uncertain because price and ... (Read 79 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
The theory of oligopolistic interdependence means that the outcome is uncertain because price and output decisions depend on responses of rivals.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Marginal cost is best defined as:
 a. a cost that does not vary with the rate of output.
  b. the difference between fixed and variable cost at any level of output.
  c. the amount added to total cost when one more unit of output is produced.
  d. the difference between price and average total cost at the profit-maximizing level of output.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

covalentbond

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

True

Answer to Question 2

c




jasdeep_brar

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent


epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

For a complete list of videos, visit our video library