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Author Question: There are multiple models of pricing behavior in oligopolistic markets because a. it is difficult ... (Read 106 times)

debasdf

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on: Jun 30, 2018
There are multiple models of pricing behavior in oligopolistic markets because
 a. it is difficult to predict how rival firms will react to any pricing decision
  b. the demand curve slopes upward for these firms
  c. firms could earn profit in the long run unlike other markets
  d. price has a direct impact on profit for a firm in oligopoly
  e. the products are not identical in terms of quality, image, location

Question 2

Rent seeking activities by special interest groups result in
 a. greater economic activity by promoting efficiency in government
  b. lower economic activity by diverting resources to less-productive or nonproductive uses
  c. a more equal distribution of income and wealth in the nation
  d. lower expenditures by government through an increase in taxes
  e. greater efficiency in the private economy and increased wealth for society


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Loise Hard

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

A

Answer to Question 2

B


debasdf

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Reply #2 on: Jun 30, 2018
Thank you


Loise Hard

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Reply #3 on: Jun 30, 2018
No problemo


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