Why does a sports car cost more than a mountain bike?
A) because sports car manufacturers are greedier than mountain bike manufacturers
B) because sports cars are priced higher in order to make them attractive as status symbols
C) because more scarce resources are required to produce a sports car than to produce a mountain bike
D) because mountain bike manufacturers know that their customers have relatively low incomes
Question 2
In oligopoly, any action by one firm to change price, output, or quality causes
A) a reaction by other firms.
B) no reaction from the other firms.
C) a profit gain for the other firms.
D) loss of market share by the acting firm.
The Dall sheep, Ovis dalli, a mountain sheep of far northern North America, was the subject of one o
Mountain Cur
Wombat scat, found near Cradle Mountain in Tasmania
This is how bus and airplane manufacturers see us
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...