Author Question: The demand curve faced by a dominant firm in an oligopoly model is the difference between the market ... (Read 112 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
The demand curve faced by a dominant firm in an oligopoly model is the difference between the market demand and the supply that the fringe will produce at each price.
  Indicate whether the statement is true or false

Question 2

The efficiency loss that occurs when a market is monopolized is known as:
 a. a deadweight loss.
  b. an inventory loss.
  c. an economic loss.
  d. a non-economic loss.
  e. a capital loss.



Tabitha_2016

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

T

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library