Author Question: The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit ... (Read 77 times)

809779 · **on:** Jun 30, 2018

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