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Author Question: Which of the following is a feature of an oligopoly market? A) There is a large number of sellers ... (Read 54 times)

maychende

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on: Jun 29, 2018
Which of the following is a feature of an oligopoly market?
 
  A) There is a large number of sellers in this market.
  B) There are no barriers to entry in this market.
  C) Each firm in this market earns zero economic profits.
  D) Each firm's action affects the decisions of its rival.

Question 2

Most of the goods produced in an economy are ________.
 
  A) private goods
  B) public goods
  C) club goods
  D) inferior goods


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kjo;oj

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

D

Answer to Question 2

A


maychende

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigcheese9

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

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