Author Question: In an oligopoly, the demand curve facing an individual firm depends upon a. the behavior of ... (Read 77 times)

tuffie

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In an oligopoly, the demand curve facing an individual firm depends upon
 a. the behavior of competing firms
  b. the shape of the firm's average total cost curve
  c. the shape of the firm's marginal cost curve
  d. the firm's supply curve
  e. the shape of the firm's average variable cost curve

Question 2

According to rent-seeking theory, which group is most likely to benefit from representative democracy?
 a. consumers
  b. taxpayers
  c. the poor
  d. children
  e. lawyers



orangecrush

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Answer to Question 1

A

Answer to Question 2

E



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