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.
A harem of Cape mountain zebras
Top down view of Olympus Mons, the highest known mountain in the solar system
Valley and Mountain Breezes
Typical Startup Cost Categories Cont.
Typical Startup Cost Categories Cont.
Sports drinks can replace electrolytes and fluids lost during exercise