The word oligopoly means A) elastic demand. B) few sellers. ...

[yoroshambo]

The word oligopoly means
 
  A) elastic demand.
  B) few sellers.
  C) independent action.
  D) interdependent selling.
  E) predatory pricing.

Question 2

In a perfectly competitive market, a marginal entrant:
 
  A) earns positive economic profits in the long run.
  B) is the first firm to enter a market.
  C) is indifferent between entering and not entering.
  D) determines the market price of the good it produces.

[ngr69]

Answer to Question 1

B

Answer to Question 2

C

[yoroshambo]

Great answer, keep it coming

[amynguyen1221]

Thanks for the timely response, appreciate it