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Author Question: Under oligopoly, there are ________ firms selling products that are ________. A) many; either ... (Read 39 times)

nevelica

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on: Jun 29, 2018
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.


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honnalora

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


nevelica

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

softEldritch

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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