Which of the following is characteristic of oligopoly, but NOT of monopolistic competition?
A) The choices made by one firm have a significant effect on other firms.
B) Each firm faces a downward-sloping demand curve.
C) Firms are profit-maximizers.
D) There is more than one firm in the industry.
Question 2
The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. When the marginal social benefit is equal to the marginal social cost of chocolate in Kaffenia
A) either 100 pounds or 250 pounds can be produced each day.
B) no chocolate is produced.
C) 150 pounds will be produced each day.
D) any quantity up to 150 pounds will be efficient.
Diagram of a flagellate stramenopile cell, showing characteristic flagellar hairs.
Characteristic Patterns of Murmurs, Crescendo, Decrescendo, Crescendo-decrescendo, Plateau
Emphysema. (a) Illustration comparing normal lungs and emphysemic lungs. The inserts illustrate how
(a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit
Biking competition in the park
European swimming competition