Examlex

Solved

As the Number of Firms in an Oligopoly Becomes Very

question 114

True/False

As the number of firms in an oligopoly becomes very large, the price effect disappears.


Definitions:

Equilibrium

See dynamic equilibrium, genetic equilibrium, and punctuated equilibrium.

Reactants

Substances that undergo chemical changes in a reaction to form products.

Product

Substance formed by a chemical reaction. Compare with reactant.

Valence Shell

The outermost shell of an atom containing the electrons most involved in forming chemical bonds.

Related Questions