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
World fossil fuel consumption since 1950
Einstein - The important thing...
Anatomically modern humans left archaeological clues, including evidence of burials, which indicate
The per capita emissions of the developed world
Real Price of Oil, 1861–2010
Cause of world war I