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Author Question: A characteristic common to most imperfectly competitive markets is (Read 87 times)

C0DxHalo

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Question 1

Both empirical evidence and everyday observation suggest that oligopolies contribute to economic growth in the very-long-run by
◦ rarely laying off workers.
◦ achieving technological improvements and innovations through research and development.
◦ consistently producing at full-capacity output.
◦ achieving allocative efficiency.
◦ decreasing minimum efficient scale.

Question 2

A characteristic common to most imperfectly competitive markets is
◦ non-price competition among firms.
◦ common pricing among firms.
◦ inelastic market demand curves.
◦ a homogeneous product.
◦ unexploited economies of scale.


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Marked as best answer by C0DxHalo on Oct 12, 2022

Harsh06

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C0DxHalo

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Reply 2 on: Oct 12, 2022
Wow, this really help


dantucker

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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