When oligopolists take into account their competitors' behavior, ...

[azncindy619]

When oligopolists take into account their competitors' behavior, this situation is called:
 a. mutual interdependence.
  b. monopolistic competition.
  c. independent.
  d. price discrimination.
  e. loss minimization.

Question 2

The long run is a period of:
 a. at least one year.
  b. sufficient length to allow a firm to expand output by hiring additional workers.
  c. sufficient length to allow a firm to alter its plant size and capacity and all other factors of production.
  d. sufficient length to allow a firm to transform economic losses into economic profits by hiring better workers.

[Joc]

Answer to Question 1

a

Answer to Question 2

c

[azncindy619]

YES! Correct, THANKS for helping me on my review

[adf223]

Gracias!