« previous next »

Author Question: Oligopoly is an industry with a small number of firms producing homogeneous or differentiated goods ... (Read 55 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
Oligopoly is an industry with a small number of firms producing homogeneous or differentiated goods with minimal barriers to entry.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the costs of negotiating and enforcing contracts are _____ relative to the benefits, buyers and sellers have incentives to make economically efficient arrangements that _____ value.
 a. high; increase
  b. low; increase
  c. high, decrease
  d. low; decrease


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa. The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa.
Some of the many small molecules found in cells Some of the many small molecules found in cells
During drought years on the Galapagos, small, easily eaten seeds become rare, le During drought years on the Galapagos, small, easily eaten seeds become rare, le
Use of cell fusion and selection to obtain hybridomas producing monoclonal antib Use of cell fusion and selection to obtain hybridomas producing monoclonal antib
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
A basic strategy for producing a knockout mouse A basic strategy for producing a knockout mouse
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library