Multiple Choice
Which of the following statements about industries that are oligopolies is false
A) firms in these industries may attempt to cooperate
B) firms in these industries are interdependent
C) the fact that there is more than one firm in an oligopoly means that there are no barriers to entry
D) an oligopoly with two firms is called a duopoly
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Marginal revenue for a monopolist is equal
Q15: Suppose a competitive firm produces 100 units
Q16: Entry is restricted under:<br>A)Perfect competition<br>B)Monopoly<br>C)Monopolistic competition<br>D)All of
Q17: That the perfectly competitive firm will pick
Q18: Differentiated but close substitutes exist under:<br>A)Perfect competition<br>B)Monopoly<br>C)Monopolistic
Q19: The practice of charging different prices to
Q20: For a monopolist, marginal revenue is always
Q21: Demand curve is inelastic under:<br>A)Perfect competition<br>B)Monopoly<br>C)Monopolistic competition<br>D)All
Q22: Demand curve is elastic under:<br>A)Perfect competition<br>B)Monopoly<br>C)Monopolistic competition<br>D)All
Q23: For the monopolist, at the profit maximizing