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Home Q & A Board Other Fields Homework Help Business Economics
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JCat JCat
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6 years ago
An oligopoly firm cannot know the demand curve it faces unless it knows what its rivals will do in reaction to changes it initiates.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

Who is considered to be a free rider according to economists?

QUESTION 3

Globalization does not mean:
 A) the homogenizing of markets.
  B) when one product or one brand is sold in many different international markets.
  C) the increase in trade among nations.
  D) the establishment of manufacturing plants in more than one nation.
  E) the purchase of supplies from foreign firms.

QUESTION 4

Patents, quotas, tariffs, and government licensing can all create barriers to entry into oligopoly industries.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

Why are the net benefits of a LoJack installation in a car considered to be positive for the society as a whole?
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frizzygirlfrizzygirl
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Posts: 354
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6 years ago
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This verified answer contains over 230 words.
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JCat Author
wrote...
#2
6 years ago
TYVM
wrote...
#3
6 years ago
no worries, happy to help out
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