Author Question: A natural oligopoly can form A) if there are economies of scale. B) only if firms sell a ... (Read 89 times)

scienceeasy · **on:** Jun 29, 2018

A natural oligopoly can form

A) if there are economies of scale.
B) only if firms sell a differentiated good.
C) only if firms sell a homogeneous good.
D) if there is only one firm in the industry.

Question 2

Real income measures the

A) slope of the budget line.
B) purchasing power of a given income.
C) slope of the preference map.
D) area under the indifference curve.