This topic contains a solution. Click here to go to the answer

Author Question: An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in ... (Read 81 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in reaction to changes it initiates.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Who is considered to be a free rider according to economists?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

True

Answer to Question 2

A person who derives benefit from the consumption of a commodity without paying for it is called a free rider.




yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 30, 2018
Gracias!


strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

For a complete list of videos, visit our video library