It Is Harder to Explain the Behavior of Firms in Oligopoly

question 134

Multiple Choice

It is harder to explain the behavior of firms in oligopoly than in other market structures because in oligopoly

• A)the firms act independently of each other
• B)firms base their decisions on what their rivals do
• C)only differentiated products are produced
• D)only homogeneous products are produced
• E)the demand curve can slope upward

Recognize the controversies surrounding the extension of slavery into new territories and states.

Analyze the role of political figures and legislation in shaping the debate over slavery and territorial expansion.

Understand the concept of popular sovereignty and its application to the slavery issue in the territories.

Evaluate the effects of the Kansas-Nebraska Act and "Bleeding Kansas" on national politics and the sectional divide.