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Author Question: An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in ... (Read 85 times)

yoroshambo

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on: Jun 30, 2018
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?


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Ptupou85

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Reply #1 on: Jun 30, 2018
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

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kthug

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Reply 3 on: Yesterday
Excellent

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