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Gardiner Means Examined the Behavior of Prices During the Great

Question 2

Multiple Choice

Gardiner Means examined the behavior of prices during the Great Depression and found that


A) prices in the oligopoly sector declined much more than prices in the competitive sector.
B) prices in the oligopoly sector declined very little compared to prices in the competitive sector.
C) prices in the oligopoly sector declined at about the same rate as prices in the competitive sector.
D) prices in the oligopoly sector fell while prices in the competitive sector rose.

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