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Author Question: An oligopoly market is characterized by limited number of sellers, each having complete control over ... (Read 76 times)

student77

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on: Jun 30, 2018
An oligopoly market is characterized by limited number of sellers, each having complete control over the market price level as in case of monopoly.
  Indicate whether the statement is true or false

Question 2

Movie theaters are able to offer discounts to senior citizens because:
 a. the elderly deserve lower prices because of their contributions to society.
  b. senior citizens have the most inelastic demand.
  c. theaters can separate senior citizens from other customers, and it is easier to prevent resale.
  d. senior citizens cannot see the movie very well because of poor eyesight.
  e. senior citizens are frequent visitors to the movie theaters.


stillxalice

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Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

c


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