Author Question: Which of the following markets is most likely to be oligopolistic? A) The market for corn B) ... (Read 34 times)

clmills979 · **on:** Jul 1, 2018

Which of the following markets is most likely to be oligopolistic?

A) The market for corn
B) The market for aluminum
C) The market for colas
D) The market for ground coffees

Question 2

We observe that both the price of and quantity sold of golf balls are rising over time. This is due to:

A) continual improvements in the technology used to produce golf balls.
B) increases in the price of golf clubs over time.
C) decreases in membership fees for country clubs with golf facilities.
D) more stringent professional requirements on the quality of golf balls requiring producers to use more expensive raw materials.