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

Author Question: The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit ... (Read 94 times)

809779

  • Hero Member
  • *****
  • Posts: 579
The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit earned by the dominant firm.
  Indicate whether the statement is true or false

Question 2

A monopoly is a market model in which just one firm sells a product with no close substitutes.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

F

Answer to Question 2

True




809779

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
:D TYSM


miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

For a complete list of videos, visit our video library