Oligopolists are more sensitive to the pricing and output ...

[EAugust]

Oligopolists are more sensitive to the pricing and output policies of their rivals when
 a. all firms produce identical products
  b. their products are highly differentiated
  c. there is freedom of entry and exit
  d. there are barriers to entry
  e. there are many firms in the industry

Question 2

To the extent that special-interest groups engage in rent seeking, they
 a. are guilty of tax evasion
  b. tend to make the economy more efficient
  c. support legislation transferring wealth to themselves only if the measure increases the economy's overall efficiency
  d. shift resources from endeavors that create income to activities that simply transfer income
  e. tend to increase the economy's total output of goods and services while redistributing income

[Zack0mack0101@yahoo.com]

Answer to Question 1

A

Answer to Question 2

D