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
Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world.
Example of a cladogram, or branching order, of the New World monkey Superfamily Ceboidea.
It's important to take all your antibiotics
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
World Crude Oil Production, 1900–2010
Dolphin’s ability to understand an artificial language