From the social perspective, a major criticism of oligopolies is ...

[skymedlock]

From the social perspective, a major criticism of oligopolies is that
 
  A) successful collusion leads to a monopoly-like outcome.
  B) price wars usually break out.
  C) advertising hardly ever occurs.
  D) cartels are unstable.

Question 2

The vertical distance between the total variable cost curve and the total cost curve ________ as output increases; the vertical distance between the average variable cost curve and the average total cost curve ________ as output increases.
 
  A) decreases; remains the same
  B) is constant; becomes smaller
  C) increases; becomes smaller at first but then increases
  D) increases; remains the same

[moormoney]

Answer to Question 1

A

Answer to Question 2

B

[skymedlock]

Thanks for the timely response, appreciate it

[ryansturges]

Gracias!