Author Question: Which of the following does NOT influence the type of oligopoly that forms? A) Whether firms act ... (Read 45 times)

WWatsford · **on:** Jul 1, 2018

Which of the following does NOT influence the type of oligopoly that forms?

A) Whether firms act sequentially or simultaneously.
B) Whether firms set price or quantity.
C) The type of demand curve the firms face.
D) The time horizon over which firms will be in competition.

Question 2

Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will receive a share of the settlement if the plaintiff wins. Under this contract,

A) production efficiency cannot be achieved.
B) the client bears all of the risk.
C) the lawyer bears all of the risk.
D) the risk is shared.