This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In oligopoly, firms (Read 20 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Apr 19, 2019

Question 1

The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is


◦ perfect competition.
◦ monopoly.
◦ monopolistic competition.
◦ oligopoly.

Question 2

In oligopoly, firms


◦ are able to influence price only if the oligopolist's products are standardized.
◦ are able to influence price only if the oligopolist's products are differentiated.
◦ by virtue of their size, are able to influence price regardless of whether or not the product is differentiated or standardized.
◦ have no influence over price regardless of whether or not the product is differentiated or standardized.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by pane00 on Apr 19, 2019

Anna

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


pane00

  • Member
  • Posts: 579
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Economic objectives of firms Economic objectives of firms
Competitive firms and maximization Competitive firms and maximization
Competitive firms and maximization Competitive firms and maximization
Video: Methods that regulate pH

For a complete list of videos, visit our video library