It is important to understand oligopoly markets because:
a. although few real world markets are oligopolies, their existence raises interesting theoretical questions.
b. oligopolies typically generate more deadweight loss than monopolies.
c. oligopolies can generate a whole range of possible outcomes between monopoly and perfect competition.
d. one can predict the market outcome exactly just by knowing the number of firms in the market.
Question 2
The social discount rate used in cost-benefit analysis is equal to a weighted average of the Treasury Bill rate and the long-term government borrowing rate.
a. true
b. false
Deserts differ across the world. (a) Acacia trees between a gravel plain and sand dunes in the Namib
World Ecosystem
Important Trace Elements in the Body
Forest and Trees around the world
World of Children
Dolphin’s ability to understand an artificial language