Under oligopoly, there are ________ firms selling products that ...

[nevelica]

Under oligopoly, there are ________ firms selling products that are ________.
 
  A) many; either identical or different
  B) a few; either identical or different
  C) many; different
  D) a few; identical

Question 2

Resources are efficiently utilized when production is such that marginal social benefit
 
  A) is equal to marginal social cost.
  B) exceeds marginal social cost by as much as possible.
  C) is less than marginal social cost.
  D) None of the above because efficiency has to do with property rights and has nothing to do with marginal social benefit or marginal social cost.

[honnalora]

Answer to Question 1

B

Answer to Question 2

A

[nevelica]

YES! Correct, THANKS for helping me on my review

[atrochim]

Great answer, keep it coming