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Author Question: Arbitrage creates profits but has no effect on prices. Indicate whether the statement is true or ... (Read 26 times)

olgavictoria

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Arbitrage creates profits but has no effect on prices.
  Indicate whether the statement is true or false

Question 2

A basic characteristic of the firms in an oligopoly market structure is that they are:
 a. large (relative to the total market) and interdependent.
  b. large (relative to the total market) and independent.
 c. small (relative to the total market) and interdependent.
  d. small (relative to the total market) and independent.



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cloud

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Answer to Question 1

False

Answer to Question 2

a





 

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