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14 May 2019
1. If we want to understand the major portion of todayâs economic activity in an industrial economy, we should look at
a. perfect competition and pure monopoly
b. perfect competition and oligopoly
c. oligopoly and monopolistic competition
d. monopolistic competition and monopoly
_________________________________________________
2. If an oligopolist cuts the price of its product
a. customers will switch to a rivalâs product
b. customers remain unchanged in number
c. customers switch from rival firms to buy from him
d. rival firms do not react
1. If we want to understand the major portion of todayâs economic activity in an industrial economy, we should look at
a. perfect competition and pure monopoly
b. perfect competition and oligopoly
c. oligopoly and monopolistic competition
d. monopolistic competition and monopoly
_________________________________________________
2. If an oligopolist cuts the price of its product
a. customers will switch to a rivalâs product
b. customers remain unchanged in number
c. customers switch from rival firms to buy from him
d. rival firms do not react
1
answer
0
watching
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skytermite28Lv1
2 Jun 2021