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As the number of firms in an oligopoly decreases:
A. it indicates that barriers to entry are likely to be very low.
B. firms are less likely to engage in tacit collusion.
C. firms are more likely to engage in tacit collusion.
D. it becomes more difficult for the oligopoly to restrict output.
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Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. Carry unit costs to the nearest cent.
Select one country and list 5 elements of its cultural environment. For each cultural element, explain the impact on international business. Limit your answers to a couple of sentences for each element of culture.
Draw, on a large graph, a market for apartments in equilibrium, and then apply a binding rent control. Explain and indicate how the relevant economic agents are affected by the application of this price control, and why economists say rent control is..
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
Suppose you read in an industry publication that the Rothschild index for the petroleum industry is 0.88. Based on past experience, you know that the price elasticity of demand for the petroleum products sold by your firm is ?1.5.
there are 100 producers of toasters. half of the producers are low quality i.e. their products will break with
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q. assume always there wireless serves 100 high-high demand as well as wireless consumers each of whose monthly demand
When a Denver resident purchases a shirt imported from China, this represents a:
Discuss the pros and cons of annuities when compared with other financial instruments and whether they provide a better investment opportunity for some people.
q.a markets total demand is given by p 40 - z. this market is supplied by a dominant firm and by other relatively
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