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.
Dinoflagellates of the supergroup Alveolata and their characteristic alveoli.
Competition among Paramecium species.
Mackerel tabby, showing the characteristic "M" on its forehead.
Young boy with characteristic nasal crease from the repeated action of the “nasal salute” caused ...
Alexander Fleming photographed in his lab where he observed the natural competition between a fungus
Symbolic interactionists stress that a basic characteristic of humans is that they attach meaning to ...