Author Question: An oligopolistic industry is characterized by a few large firms acting independently. Indicate ... (Read 73 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
An oligopolistic industry is characterized by a few large firms acting independently.
 
  Indicate whether the statement is true or false

Question 2

The only Giffen goods that have been identified so far in the real world are luxury goods.
 
  Indicate whether the statement is true or false


xoxo123

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

FALSE

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

For a complete list of videos, visit our video library